Monday, 3 July 2017

ITC - Long Ratio Trade

ITC made new high today with a gap up opening.  Volume is good.

Buy ITC Future at 343.6
Buy 345 Put option at 9.65
Sell 355 Call Option at 4.95
Sell 365 Call Option at 2.7

Maximum Profit is 22,560
Lower breakeven 341.2 (Below 341.2, maximum loss of 1440 rupees)
Upper breakeven 374.4 (Above 374.4 unlimited loss)

Span Margin required for this trade is 1,19,000 Rupees.



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