 "M&M")
BULL SPREAD Strategy on M&M Finance
Buy M&M Finance (28-July Expiry) 190 CALL at Rs 5.2 and simultaneously sell 200 CALL at Rs 2.50
Lot Size 4000
Cost of the strategy Rs 2.7 (Rs 10,800 per strategy)
Maximum profit Rs 29,200 if M&M Finance closes at or above 200 on 28 July expiry
Breakeven Point Rs 192.7
Rationale:
>> We have seen a long build up in the stock's futures in the July series till now, where we have seen 12% addition in Open Interest with price rising by 8%.
>> The stock price has broken out on the daily chart from
