HomeNewsBusinessStocksBuy Voltas 330 call, sell 350 Call: VK Sharma

Buy Voltas 330 call, sell 350 Call: VK Sharma

VK Sharma of HDFC Securities recommends buying Voltas 330 call and sell 350 Call.

August 07, 2015 / 11:15 IST
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VK Sharma of HDFC Securities told CNBC-TV18, "In Voltas, for the series per se, open interest has been added by six percent. The stock has gone up by four percent. Yesterday half of the open interest that was added came over to yesterday. So, I am considering making a bull spread where you buy the 330 Call and sell the 350 Call. Your cost would come to around Rs 6 and the net profit that you make is around Rs 14. That is your maximum profit of course."At 11:08 hrs Voltas was quoting at Rs 323, down Rs 4.35, or 1.33 percent. It has touched an intraday high of Rs 329.15 and an intraday low of Rs 322.25.

first published: Aug 7, 2015 11:15 am

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