Hi All , Just 1-2 day duration quick trade in tata motor - just like 2 min maggi noodle. No naked put/call buy/sell , No over leverage (Superman stuff)
Following strategy: Buy 190 call , 1 lot @ 9.9 Sell 200 call , 1lot @ 6.1
Stop loss in trade is EOD close below 170 , Expecting 5-10 point bounce , i.e profit of 3-4 rs , Don't expect millions Daily rsi is around 16.5 , Looks highly oversold .
Consult your financial adviser before taking trade , options are risky.