Bull spread Strategy on ALKEM LAB Buy ALKEM SEPT 4000 CALL at Rs 78 & simultaneously sell 4100 CALL at Rs 48 Lot Size 200 Cost of the strategy Rs 30 (Rs 6000 per strategy) Maximum profit Rs 14000 If ALKEM closes at or above 4100 on 30 Sept expiry. Breakeven Point Rs 4030 Rationale: We have seen long build up in the ALKEM Futures, where we have seen 11% rise (Prov) in the Open Interest with price rising by 1.5%. The stock price has broken out on the dailyβ¦
Read MoreHere is a Bull Spread Strategy on Alkem Labs by Nandish Shah of HDFC Sec
