Option strategy of the day| Reversal from support zone signals upside for Axis Bank
Axis Bank derivative data aligns with the prevailing bullish chart structure. Sudeep Shah of SBI Securities recommends bull call spread.
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Axis Bank derivative data aligns with the prevailing bullish chart structure. Sudeep Shah of SBI Securities recommends bull call spread.
For Bata India long additions can be seen in the 1360 CE, 1380 CE, and 1400 CE. The PCR stands at 0.64, signaling a positive turnaround for the price action
As the banking sector enters the highly anticipated results season, market experts analyze the derivatives outlook. With open interest at relatively lower levels and a lighter position in Bank Nifty, experts foresee potential upside and lower downside risks. The sector's performance amid ongoing sectoral rotation remains a key factor to watch.
How you should convert a long call to a bull spread Useful when the underlying is likely to rebound soon after its drop So far, we have discussed setting up option strategies. We now shift our discussion to managing these strategies. What should you do when your long call position accumulates losses as the underlying moves in the opposite direction? This week, we show how to recover unrealised losses on a long call by converting the position into a bull spread. Conversion spread Suppose you buy the 14400 call expecting the underlying to move from 14359 to 14750. Note that you will have to app...