Bull spread Strategy on Dr Reddy's Labs Buy DR REDDY'S MARCH 4,600 Call at Rs 182 & simultaneously sell 4,800 Call at Rs 106 Lot Size: 125 Cost of the strategy: Rs 76 (Rs 9,500 per strategy) Maximum profit: Rs 15,500 If Dr Reddy's closes at or above 4,800 on March 25 expiry. Breakeven point: Rs 4,676 Rationale: -- Long build-up was seen in the Dr Reddy Futures’ where we have seen 4 per cent (Prov) rise in the Open Interest with price rising by 1 per cent. -- The stock price has broken out on the daily chart where it closed above 200-day EMA with higher volumes. -- The stock price has formed double bottom around 4,380-odd levels