F&O play on Infosys ahead of Q1 numbers

Using Monday closing rates, the trader buys the 800 call for 24 a share (1,200 shares make one lot) and sells an 840 call for 9.6 a share. This reduces the debit to 14.4 while the maximum profit is capped at 25.6, no matter how much Infosys rises after the results.

from Stocks-Markets-Economic Times https://ift.tt/3iXRHm1