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RELCAP SUPPORT Theta decay
RELCAP is presently at its support level, and todays candle closed green and ended above the high of the previous day candle.
One can go long with 2arget 1 till 38.2% retracement and Target 2 till 61.8% retracement with stoploss at the low of the previous day candle.
For theta decay one can short RELCAP OCT 540PE at 4.15 with lot size of 1500 for a potential profit of 6225.
One can go long with 2arget 1 till 38.2% retracement and Target 2 till 61.8% retracement with stoploss at the low of the previous day candle.
For theta decay one can short RELCAP OCT 540PE at 4.15 with lot size of 1500 for a potential profit of 6225.
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