Our Trade for today is in Ashok Leyland. This is a bullish spread between the 32 and 35 strike prices. Our assumption is that there will be a moderate rise in prices in the near future.
The trade is as follows:
Buy 1 Ashok Ley Dec 32 Call @ 1.45
Sell 1 Ashok Ley Dec 35 Call @ 0.60
Our Cost / Max risk is Rs. 8118
Our Max Profit would be Rs 20500
The Market Lot of Ashok Leyland is 9550 Shares.
Closing Price 32.75
All Price Thursday Close.
Good Luck
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