New position:
Short LIC Housing Finance December 2012 futures @ 219.00 (1 contract)
Long 220, December call @ 5.8 (1 contract)
Lot size: 1,000
Max Loss: Rs. 6,800
Max Profit: Rs. 212,200 (theoretically, if LIC HF goes to zero.)
Profit expected: 9-10,000 (around 210 levels)
Risk: Snap rally.
There you go!
Why the "crush" in the name of the post? LICHSGFIN gave me a housing loan, when my credit score sucked, a few years back. :-)
Short LIC Housing Finance December 2012 futures @ 219.00 (1 contract)
Long 220, December call @ 5.8 (1 contract)
Lot size: 1,000
Max Loss: Rs. 6,800
Max Profit: Rs. 212,200 (theoretically, if LIC HF goes to zero.)
Profit expected: 9-10,000 (around 210 levels)
Risk: Snap rally.
There you go!
Why the "crush" in the name of the post? LICHSGFIN gave me a housing loan, when my credit score sucked, a few years back. :-)
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