Stock name is BHEL
Stock 52 week low is 56
Stock current rate is 63.5
Election result is on 23th may
BHEL result expected on 29th may
May month expiry is on 30th may
Buy BHEL call option strike 65 @ 2.5 rs. With target of 10 rs. On or before expiry.
BHEL till 10th may 2019 data is given here. Stock has corrected from 71.5 to 62 almost more than 10% in may month. Expecting good bet of election in BHEL by may expiry.
Here, BHEL data is given of 2014 where stock moved from 180 to 250 it mean almost 40% rise in one month only.
Here, data of 2009 is given where stock of BHEL moved in election month from 1600 to 2000 in this month only I.e. 25% rise in may.
Here, full option chain of BHEL is given. Considering highest open interest in 70 ce next at 65 call shows any break up of 65 call will take stock at 70 where one resistance is there, it may be possible as once cross of 70 it will move very fast due to unwinding position of call option.
Even in put option 60 put having highest open interest with strong base. Many times due to bad market stock move in near range as well as stock is providing good down side safety.
Happy investing
Derivativelearn
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