Derivative recommendations on L&T Finance Bull Spread strategy on L&T Finance Buy L&T Finance 65 Call at Rs 2.5 & simultaneously sell 70 call at Rs 1 Lot Size: 5600 Cost of the strategy: Rs 1.5 (Rs 8400 per strategy) Maximum profit: Rs 19,600 if L&T Finance closes at or above Rs 70 on June expiry Break-even Point: Rs 66.5 Rationale: Long build up is seen in the L&T Finance Futures’ where we have seen 17%(Prov) rise in the Open Interest with price moving up by 4.5 per cent.
The stock price has broken out on the daily chart ...
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