1) Karnataka Bank has too risen along with other banking stocks in the last week or so.
2) The stock has some serious Call and Put Open Interest addition in the last week. Today also, 110 Call has seen tremendous amount of Open Interest which indicates shorting happening below 110 Rs.
3) Technical charts though are showing positive picture, and hence, we decide to take Straddle approach tomorrow in the stock.
4) Buy both 105 Calls and 105 Puts, if it come for not more than 8 Rs combined. Buy the position and close it, if it goes to 98 Rs level on the downside or 114 Rs on the upside.
No comments:
Post a Comment