Buy RIL 900 calls, sell 920 calls: Gopi Suvanam

Gopi Suvanam, Founder of InvestWorks told CNBC-TV18, "We are mildly bullish on Reliance Industries. For the stock Rs 910-920 would be reasonable levels given the valuations. So we would buy 900 Calls and sell 920 and 940 calls. The breakeven would be around Rs 960 level which I don't think would be breached anytime soon."

On January 14, 2013 Reliance Industries ended at Rs 881.10, up Rs 2.10, or 0.24 percent.

The share touched its 52-week high Rs 954.80 and 52-week low Rs 765 on 21 January, 2013 and 28 August, 2013, respectively.