- there was a big positive announcement for PSU Banks yesterday evening by Finance Minister - On charts, we see SBIN trading near channel top levels
given the set up, one may consider a Bear Call Spread strategy
Sell 480 Call option currently around 8.6 Buy 510 Call option currently around 3.5
Net receivables in strategy Rs 7650/- per lot (yield potential of 11.5% on Margin requirement till 30 Sept expiry) More importantly the strategy has inbuilt loss protection for a rise in stock price up to 485.10 on 30 Sept