FOMC policy meeting
on 16 and 17 September 2014
BSE Sensex
(27061.04) and NSE Nifty(8105.50) closed up by 0.1%
and 0.2% respectively last week.Nifty Future was quoting at 34.50 points premium.Nifty put option September 8100 was very active.Support for Sensex is
at 26850 and Nifty at 8050. Resistance
for Sensex is at 27300 and Nifty at 8170.
CIPLA and YES BANK added Open Interest in September series.Huge
position was build up at CIPLA September
Call Option Strike Price 640.Good build up was also seen at RCOM September
Put Option Strike Price 115.
Strategy for Futures Option players.
(1) BANK BARODA
(951.45) Future-Lot Size 500 shares.
Buy One Lot SEPTEMBER Future
@ 951.45 Rs
Sell One Call Option of SEPTEMBER Strike Price 960@
Rs.18.25
Premium Received=18.25*500= 9125.00 Rs
Maximum Profit=960– 951.45 = 8.55*500= 4275.00
+ 9125.00 = 13400.00 Rs.
Max Loss=Unlimited.
(2) RCOM (109.45) LOT SIZE 2000 shares
Buy
One Call Option of SEPTEMBER
Strike Price 110@ 3.30 Rs.
Sell
One Call Option of SEPTEMBER
Strike Price 115@1.50 Rs.
Premium Paid = 3.30*2000= 6600 Rs.
Premium Received=1.50*2000= 3000.00 Rs.
Net Premium Paid= 6600.00-3000.00= 3600.00 Rs.
Maximum Profit =115-110=5*2000=10000–
3600.00= 6400.00 Rs.
Maximum Loss= 3600.00 Rs.
Break Even= 111.80
Trading Idea
(1) STATE BANK OF INDIA (2630.40)
Buy this stock in decline and trade
.
(2) MARUTI (2971.80)
Buy this stock in decline and trade
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1 comment:
Epic research Options - Call and Put Tips SAYS TO BUY BANKINDIA 290 CALL OPTION ABOVE 15 TGT 16 17 18.50 SL 13.50
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