Tuesday, January 03, 2006

A Trade in Ashok Leyland

3rd January 2006

Todays trade is in Ashok Leyland. It is a bullish position assuming the scrip will move up.

Market Lot 9550 shares.

Yesterdays close 31.8

The trade is as follows:

Buy 1 Ashok Leyland Jan 32.5 Put option @ 1.45

Sell 1 Ashok Leyland Jan 35 Put option @ 3.9

The total risk with this trade is Rs. 5252.

Our Maximum reward would be Rs. 23395.

Good Luck!

No comments: