13 Dec 2005
Today we place a bullish trade in ITC. Which looks ready for a rise.
For those a little more adventurous,
Buy 1 ITC Dec 140 Call @ 3.90 at a total cost of Rs. 8775. Your total risk.
A better and more conservative trade would be a bullish spread. As follows:
Buy 1 ITC Dec 140 Call @ 3.9
Sell 1 ITC Dec 145 Call @ 2
Our Total Cost / Risk would be Rs. 4275.
While Our Profit could be Rs. 6975.
ITC Market Lot is 2250.
Tuesday Close was 138.45
All Prices Tuesday Close.
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