View on m&mfin 230ce

Like to know the view on m&mfin 230ce.

Is there any chance to go high or will reduce furture.

As a buyer,
Keep a stop near 219-220

If it sustains below…230 CE is most likely going to expire worthless

One more point :point_right: as this is last week before monthly expiry , considering the fact that option is at 4.55

It needs to touch 234.55 to break even (almost 4-5% from CMP)

So, risk reward kind of looks below average to me.

Keep a tight stop , I’d suggest