SBIN
is at great support and has potential for a bull market as
BANKNIFTY
is also down. I have been following this stock and on 22nd Feb around 50% of the volume was taken delivery as per NSE data.
This means people are buying
SBIN
. Being a Passive Investor I usually sell put options because if situation goes against my trade I can still buy the stock later.
I feel one can make at least 5% from this trade.
Now I am running at a 1.5% profit
29MAR2023 480PE - ₹ 5 (sell)
29MAR2023 460PE - ₹ 2.75(buy)--------------------JUST FOR DECREASING THE MARGIN
With 7% ROI