Option Set up of the week : April W1

Current Nifty spot 14867

Short NIFTY08Apr2021.15050CE 1 lot @64.40

Long NIFTY08Apr2021.14900CE 1 lot @119.00

Maximum Profit Potential= 7,155.00/-

Maximum Loss Risk =-4,095.00

Breakeven level =14,954.60

Capital needed approx.     < 25000/-

Risk reward 1:1.3

Exit if profit >15-25% of capital or Loss > 7000 

Probability of profit = 40%

Reason : nifty could move with current momentum and cross 15000 this week.