TCS Has announced its quarterly results which were marginally lower than the expectations but the management has given a positive guidance on the revenue and margins for the coming year so overall it's mixed results which can stagnate the stock at current levels for some time. Price action is also in support of this.
So we prefer initiating a Short straddle at 2300 strike collecting a premium of Rs. 50 and also deploy a hedge with a lower strike 2250 put and higher strike call 2350 at Rs 9 and Rs.9 respectively
Net credit Rs.32
Keep a stoploss for this strategy as net loss from the strategy goes above 12/lot that's a risk of 3000/lot
Target would be to collect Rs. 24/lot which is 6000/lot profit potential.
Note : This is not a buy or sell recommendation we are not SEBI registered consult your financial advisor before taking any position!
So we prefer initiating a Short straddle at 2300 strike collecting a premium of Rs. 50 and also deploy a hedge with a lower strike 2250 put and higher strike call 2350 at Rs 9 and Rs.9 respectively
Net credit Rs.32
Keep a stoploss for this strategy as net loss from the strategy goes above 12/lot that's a risk of 3000/lot
Target would be to collect Rs. 24/lot which is 6000/lot profit potential.
Note : This is not a buy or sell recommendation we are not SEBI registered consult your financial advisor before taking any position!
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