23 December 2005
For today our trade is a bullish spread in Gujarat Ambuja Cements. We assume the scrip has a bullish bias over the next one month.
The trade is as follows :
Buy 1 GA Cem Jan 85 Call @ 3.60
Sell 1 GA Cem Jan 90 Call @ 2.00
The total cost / risk involved is Rs. 6600.
Our total profit could be Rs. 14025.
Market Lot of GA Cem is 4125 scrips.
Close price 82.10
All prices Thursday close.
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