Hi Amrutham,
That looks like a nice spread.
But was wondering why would you choose 300PE on upside, was it due to 300 being strong resistance?
Help me with your thought process.
How about going with 290PE at around 35, it would give fully positive result on upside and while longer range on down side till about 235?
Apologies if you have been explaining this earlier in the thread, just started following it recently!
That looks like a nice spread.
But was wondering why would you choose 300PE on upside, was it due to 300 being strong resistance?
Help me with your thought process.
How about going with 290PE at around 35, it would give fully positive result on upside and while longer range on down side till about 235?
Apologies if you have been explaining this earlier in the thread, just started following it recently!
1) Since it is a nice round figure, liquidity is more and OI will be high at this level.
2) Since I am eyeing this stock to acquire, I am happy if it goes down below 240 or if trades between 240 -300.