I have purchased the following options – 2800-call on Angel One bought for ₹80 and 395-put on Indus Tower bought for ₹9. What levels should I aim to book profit/loss? – Rajeev Gupta, Lucknow
Angel One (₹2,641.70): The stock has been in an uptrend since early October after it found support at ₹2,100. But after facing a resistance at ₹2,870 about three weeks ago, the price has been moderating.
The weekly chart shows that there is some bearish bias and even though thescrip might rally, it might not occur before the price drops further to the ₹2,480-2,500 support zone. In case this downswing happens, the premium of the 2800-call will decline further.
Taking the above factors into account, we recommend holding on 2800-call (currently at ₹24.30) but with a stop-loss based on the price movement in the underlying. That is, liquidate the option at the prevailing premium if the stock price drops below ₹2,590.
In case the stock rises from the current level, exit the 2800-call long at the going price when the stock price touches ₹2,900.
Indus Tower (₹415.70): The stock has been appreciating since September. While it saw some consolidation (between ₹395 and ₹415) in the recent weeks, the rally it witnessed on Friday hints that the bulls are regaining traction.
Considering that the trend has been positive and that stock has now rebounded from the 21-day moving average, the likelihood of a rally is high. Given this, holding on to the put option may not be an ideal strategy. So, we suggest exiting the long on 395-put (currently at ₹4.35) now.
Since the outlook is positive, you may consider buying a call option on Indus Tower.
Send your queries to derivatives@thehindu.co.in
Published on December 8, 2025
