Voltas is a stock that has formed a base and a bullish pattern on Daily charts. The pattern has given yet another breakout on upside with good volumes. We expect the stock to move higher in this series and aim to collect the premium inbuilt in the 125 PE.
So, Here is how our options strategy in Voltas goes out:
Short 4 lots of Voltas 125 PE 27th March Series at 1.30-1.50.
Premium collected is 24,000/-
Please note that it is a swing call intended to be held for few days -expiry till we achieve our target or the 125 PE option expire worthless and we bag all the premium mentioned.