Option Strategy on Tata Steel by Chandan Taparia, Derivatives and Technical Analyst at MOSL:
TATASTEEL – BULL CALL SPREAD
BUY TATASTEEL 620 CALL @ 15.00
SELL TATASTEEL 630 CALL @ 11.20
BEP : 623.80
KEEP SL : 4000
Also Read
KEEP TARGET : 8000
Rationale:
1. Positive sector outlook and a fresh breakout in the stock
2. Put writing at 620 and 600 strike is supporting it to move higher
3. Call unwinding at 600, 610 and 620 strikes could take it to higher levels.
4. However, maximum Call OI at 640, may restrict its upside
5. Thus low risk Bull Call Spread is recommended
Disclaimer: The analyst may have positions in any or all the stocks mentioned above.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%