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Option Trades

Nifty Call Spread

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Was bullish on nifty above 9400 as per charts. Nifty already broke important resistance of 9180.

nifty charts

Therefore, deployed Call spread above 9430. Nifty had a stiff resistance at 9500 so wanted to capture only 50-70points.

Nifty call spread
Net premium paid 76.1
Projected profit
Projected profit
Nifty call spread premium
Net premium 89.1

Net Premium 92.1

We booked near 90. Profit of around 14 points.

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