Buy ALKEM SEPT 4000 CALL at Rs 78 & simultaneously sell 4100 CALL at Rs 48
Lot Size 200
Cost of the strategy Rs 30 (Rs 6000 per strategy)
Maximum profit Rs 14000 If ALKEM closes at or above 4100 on 30 Sept expiry.
Breakeven Point Rs 4030
Also Read
Rationale:
The stock price has broken out on the daily chart as it closed at all time high with higher volumes.
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