Bullish Vertical Spreads : Covered Strategy for BANK NIFTY Option

Covered Fut & Option Strategy : ( BANK NIFTY Cmp 3420 )

• Buy BANK NIFTY Call Option of strike Price 3500 @ 159 &
• Sell BANK Nifty Call Option of Strike Price 4000 @ 25 ( BANK NIFTY Strong support @ 3382 )

For Covered strategy BANK NIFTY = Maximum Loss is Rs 134 per lot & Maximum Profit is Rs 366 per lot.