Rs.2,750 profit booked in Bajaj Finance from Call & Put strategy activated on 4th Nov 2019.

Booked profit of Rs.2,750 in Bajaj Finance on 5th Nov

Hello Friends,
Today is Monday 4th Nov 2019.

Bajaj Finance is the second stock from this week's three stock recommendation i had taken position today.

Refer my weekly blog  where i have compiled the list of three shares to trade this week.

My trade position:
Bajaj Finance had given a close of 4070 on friday 1st Nov.
28th Nov expiry series
Bought 4200CE at Rs.120 and
Bought 3950PE at Rs.73
My total buy cost in this option trade is
193 x 250 (lot size) = Rs.48,250

Took position in Bajaj Finance and got a decent option price for both.

Here are the stock charts in different time frames. 30 mins, daily and weekly chart for easy visual understanding.
You can click on the image to view in bigger size.

Bajaj Finance 30 mins chart

Bajaj Finance Daily Chart

Bajaj Finance weekly chart

I expect volatility and momentum to work in favour of this trade to make a decent profit. will update the result very soon.

Update on 5th Nov

Hello Friends, today 5th Nov I have booked profit in this trade call making a quick profit of Rs.2,750.on an investment of Rs.48,250, i made a cool profit of Rs.2,750 in one day.

Sold 4200CE at Rs.160 and 3950PE at Rs.44

Total selling price is 204. 
My buy cost was Rs.193

Profit is 204-193 = 11 x 250 (lot size) = Rs.2,750