IDBI

14 Dec 2005

Today we have a trade in IDBI, Which could move to the 105 range. The trade is not the ideal one but could still prove profitable. It is as follows:

Market Lot of IDBI is 2400

Tuesday Closing Price Rs.98.75

Buy 1 IDBI Dec 100 Call @ 3.35

Sell 1 IDBI Dec 105 Call @ 1.70

Our Total Cost / Risk would be Rs. 3960

Our Max Reward would be Rs. 8040

Good Luck.