Apollo Tyres trade has taken on 1st of June. Now it is having a profit of 12,000. Maximum profit can achieve through this trade is 23700. Now 10% profit is achieved in 7 days. So Traders can book the profit or lock the trade.
Locking of the trade can be done as follows:
Sell 270 call option at the rate of 6.35 and buy 280 call at the rate of 3.75.
By doing this you lock the profit and maximum profit now increased to 31,500 rupees and minimum profit is 1500 rupees. Maximum profit range is from 260 to 270. If the stock trade below 251 and above 279 the profit will be reduced to 1500 rupee.
Locking of the trade can be done as follows:
Sell 270 call option at the rate of 6.35 and buy 280 call at the rate of 3.75.
By doing this you lock the profit and maximum profit now increased to 31,500 rupees and minimum profit is 1500 rupees. Maximum profit range is from 260 to 270. If the stock trade below 251 and above 279 the profit will be reduced to 1500 rupee.
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