Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    HomeNewsBusinessBuy Infosys 900 Put, 1000 Call: Krish Subramanyam

    Buy Infosys 900 Put, 1000 Call: Krish Subramanyam

    Krish Subramanyam of Altamount Capital recommends buying Infosys 900 Put and 1000 Call.

    August 18, 2017 / 12:27 IST

    Krish Subramanyam of Altamount Capital told CNBC-TV18, "Infosys, the stock in news, we feel that the volatility could increase. So, we are recommending a strangle, buying of a 900 strike Put and a 1,000 strike Call. So the total cost comes to about Rs 30. The risk reward seems to be quite favourable, I think we could expect some volatility. Total comes to about Rs 30, keeping a target of Rs 60 and maybe a stop loss of Rs 18."

    "In Zee Entertainment Enterprises, clearly some shorts are seen. One could possibly do a trade, buy a 500 strike Put at around Rs 450-470, keeping a modest target of Rs 8, maybe one could keep a stop loss of Rs 2," he said.

    first published: Aug 18, 2017 12:26 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347