Reliance Multibagger Stock Option: Reliance Industries is a reputed indian company that ranks in top 50 stocks in the indian stock market in terms of its valuation.
Here we’ll show you how it made traders money 640x times in just a single day with just 1 lot of its option, particularily Reliance July 2800 PE.
Reliance Multibagger Stock Option Reliance July 2800 PE
On 19 July 2023, Reliance July 2800 PE closed at price 0.05 during market close which means if you would buy a single lot which is 250 Quantity, then you would have invested 62 Rupees Approx in this option.
And the magic happens next day, the option price opens at 160 rupees and makes a day high of 264 as you can see in the screenshot attached.
Now if you calculate the returns then you will come to know that how it made 62 rupees investment into around 40000 rupees. Isn’t it mind blowing.
What’s the Reason Behind this Surge?
The Reason for this surge in the Reliance stock option premium is 7% fall in the Reliance industries share from its all time high due to some merger news in the company.
How you can Benefit Now from Reliance Stock Option Now?
Since you all know that currrently there is high volatility in the Reliance Stock Options, so you can Buy both CE and PE of 1-5 rupees with a recommended investment of maximum 1000 rupees.
You will only loose if the stock remains sideways, the possiblity of which is quite low. And if stock moves sharply any side then one side premium may become 1 or zero but other can go like 50 or even 100 so you can trail maximum and book profits further.
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