BULL SPREAD Strategy on Larsen & Toubro (L&T)
Buy L&T (28-July Expiry) 1760 CALL at Rs 25.30 & simultaneously sell 1800 CALL at Rs 11.30 Lot Size 300
Cost of the strategy Rs 14 (Rs 4,200 per strategy)
Maximum profit Rs 7,800 if L&T closes at or above Rs 1,800 on 28 July.
Breakeven Point Rs 1,774
Rationales:
-
We have seen long build up in the Larsen futures on Thursday, where we have seen 12 per cent addition in Open Interest with price rising by 2.7 per cent.
- Stock price has broken out the daily chart where it closed at