This study is for educational purposes only, do your study and trade on your the basis of your risk management with advice of your advisor.
370 is major support for lic housing finance, we can see strong bounce back from 370 soon on intraday basis or for swing basis but my view is not highly bullish on this stock bcz of 413 resistance. so it will not going to easy for lic housing finance to break 413 and 370.
still we can think to trade by creating some legs in option of lic housing finance.
we buy stock at 370 and can sell call option of next month for strike price of 450
and at same time sell put option of strike price of 350.
if trade goes on right direction then we can see good trade for
370 is major support for lic housing finance, we can see strong bounce back from 370 soon on intraday basis or for swing basis but my view is not highly bullish on this stock bcz of 413 resistance. so it will not going to easy for lic housing finance to break 413 and 370.
still we can think to trade by creating some legs in option of lic housing finance.
we buy stock at 370 and can sell call option of next month for strike price of 450
and at same time sell put option of strike price of 350.
if trade goes on right direction then we can see good trade for