TCS Short | TCS appearing to lose momentum and may correct

TCS

It's time for a correction in this stock, the momentum at which it's touching previous higher valuation is significantly less in-spite of earnings.
Trade Ideas:

• If TCS is a big chunk of your portfolio (which is true for most of investors) you may want to think of booking some profits at these levels
  
• You can hedge your risk by buying 0.55 delta PE in May, quantity should roughly match with your portfolio allocation
  
• You can short May and June future contracts
  
• You can sell CE May and June contracts
  
• You can draw a trend line after the stock starts correction and look for intraday short and pullback opportunities
  

Operación activa:

Position filled, keep a look at earnings projection 20.95 estimated for 9th July may be less. This trade will take some sweet time

Operación activa:

Stay Short, let’s see how the market responds on Monday

Operación cerrada manualmente:

Closed position early booked at 2150