Mumbai: Traders with a keen eye have spotted a strategy of earning a quick buck on

June 25 expiry Bank Nifty Options, while actually getting paid for undertaking it.

Called a bull call ladder, it involves buying a 20,000 call and selling a 20,500
call and a 21,000 call. The provisional closing rate of a 20,000 call on Monday was
875 a share (20 shares make a contract), while the sale of the 20,500 and 21,000
calls fetches the trader 1,122 a share based on closing rates Monday.