21000 CE, 18 June 2020 (Expiry Today)
This was the 2nd Call Option suggested for buying today. Its ultra speculative Call, but at Rs 1.00 was like a cheap lottery ticket that we could try. Why? Because Bank Nifty (BN) had not made a proper upmove in last few days, and lots of failed upmoves had happened, and the base was ready for an upmove today. If BN was falling after a rally, we would not choose this Call.
Buy at 1 for Target 10-20 with Stop loss 0.
Target Hit, giving 10-20X gain.
Notes: This Call Option went up till 54…just imagine! But the capital allocated to it was small, so the amount of gain was also not huge, though percentage gain is high. For Rs 1000 allocated, it gave Rs 10-20K, which is amazing gain. This is not possible every week, but once in 2-3 months, such good setup can come. Thanks.