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HomeNewsBusinessMarketsOptions Trade | An earnings-based non-directional options strategy in Coal India

Options Trade | An earnings-based non-directional options strategy in Coal India

Coal India is expected to remain sideways within our range. An Iron Condor trade to capitalise.

May 23, 2022 / 06:37 IST
Coal India | The stock rose 10 percent in the week gone by. The state-owned firm said coal supply to the power sector rose 15.6 percent to 49.7 million tonne last month in the wake of high demand of the dry fuel from electricity generating plants and stressed that it is planning to augment its dispatches further, especially to power plants in the coming months. With higher output, CIL is aiming to increase its dispatches further, especially to power plants in the coming months. Coal India, which accounts for over 80 percent of domestic coal output, is one of the major suppliers of fossil fuel to the power sector. "Coal output of April’22 was the highest ever for the month, so far, eclipsing the previous peak of 45.3 MT achieved in April’19,” it said. CIL’s total offtake rose sharply to 57.5 MT in April, registering 6 percent growth compared to 54.2 MT of same month last year.
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