Another bullish strategy for GE Shipping appears profitable. GE Shipping has seen a good bull move with intermittent healthy corrections. Now it appears ready for a fresh upmove into new territories. Our trade is a simple bull spread as follows:
Long 1 GE Shipping Dec 230 Call @ 8.6
Short 1 GE Shipping Dec 235 Call @ 6.9
Our Total cost is Rs 2295, which is the maximum loss possible.
Our Maximum upside is Rs 4455
GE Shipping Closing Price 229.4
All prices Saturday Close.
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