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OPTION TRADE : Bearish Engulfing In Power Grid

OPTION TRADE : Bearish Engulfing In Power Grid.  

Bearish Engulfing at the top of Resistance is reason enough to initiate a  Bear Put Spread In Power Grid.  

Sell 190 PE @ 1.5 

Buy 197.5 PE @ 3.5  

Max Risk : 10k 

Max Profit : 29k  

Risk Reward : 1:2.6

Author Zubair Mir