covered call in 1100 shares of HDFC Bank and 400 shares of Ultratech Cement

[Shobha Nagrani]

I am doing a covered call in 1100 shares of HDFC Bank and 400 shares of Ultratech Cement. 200 shares of Ultra devolved on me in the Sept session. My average purchase price is 6700 or so and I sold calls at 6800. 

[Michael Gonsalves]

Great. One of the safest strategies in blue-chip stocks.