Here is a Bull Spread Strategy on Divi's Lab by Nandish Shah of HDFC Sec
Bull spread Strategy on Divis Lab Buy Divis Lab Dec 3850 Call at Rs 105 & simultaneously sell Dec 4000 Call at Rs 53 Lot Size: 200 Cost of the strategy: Rs 52 (Rs 10400 per strategy) Maximum profit: Rs 19,600 if Divis Lab closes at or above 4,000 till 31 Dec expiry. Breakeven Point Rs 3,902 Rationale: Short covering was seen in the Divis Lab Futures where we have seen 1 per cent fall in the Open Interest with price rising by 3 per cent. The stock Price has broken out on the daily chart...
Source: business-standard.com