 "Indraprastha Gas, IGL")
BULL SPREAD Strategy on IGL
Buy IGL (23-Feb Expiry) 440 CALL at Rs 7 & simultaneously sell 450 CALL at Rs 4
Lot Size: 1,375
Cost of the strategy: Rs 3 (Rs 4,125 per strategy)
Maximum profit Rs 9,675 if IGL closes at or above Rs 450 on 23 February expiry
Breakeven Point: Rs 443
Approx margin required: Rs 21,000
Rationale:
>> We have seen long build up in the IGL Futures during the February series till now, where we have seen 10 per cent addition in Open Interest with price rising by 5 per cent.
>> The stock price has
