 "jsw steel")
Bull spread Strategy on JSW STEEL
Buy JSW STEEL 780 CALL at Rs 23.3 & simultaneously sell 810 CALL at Rs 13.30
Lot Size: 1350
Cost of the strategy: Rs 10 (Rs 13,500 per strategy)
Maximum profit: Rs 27,000 if JSW STEEL closes at or above Rs 810 on 26 August expiry
Breakeven Point: Rs 790
Rationale:
- We have seen a long build up in the JSW steel Futures, where we have seen 2%(Prov) rise in the Open Interest, with the price rising by 2.50%.
- The stock price has broken out
Buy JSW STEEL 780 CALL at Rs 23.3 & simultaneously sell 810 CALL at Rs 13.30
Lot Size: 1350
Cost of the strategy: Rs 10 (Rs 13,500 per strategy)
Maximum profit: Rs 27,000 if JSW STEEL closes at or above Rs 810 on 26 August expiry
Breakeven Point: Rs 790
Rationale:
- We have seen a long build up in the JSW steel Futures, where we have seen 2%(Prov) rise in the Open Interest, with the price rising by 2.50%.
- The stock price has broken out
