Movement of crude oil prices will remain in focus because of OPEC meeting on 2 June 2016
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BSE Sensex (26653.60) and NSE Nifty(8156.65) close up 5.2 % and 5.1 % respectively last week.
SBI and RPOWER added Open Interest in JUNE series.Huge position was build up at SBI JUNE call Option Strike Price 220.00.Good build up was also seen at RPOWER JUNE call Option Strike Price 60.00.
Strategy for Futures Option players
(1) TATA MOTORS (406.40) Future-Lot Size 1500 shares.
Buy One Lot JUNE Future @ 406.40 Rs.
Sell One Call Option JUNE strike price 410 @ 17.70 Rs
Premium Received = 17.70*1500 = 26550.00 Rs
Maximum Profit= 410.00 – 406.40 = 3.60*1500 = 5400.00 + 26550 = 31950.00 Rs.
Max Loss=Unlimited.
(2) MC LEOD RUSSEL (184.25) LOT SIZE 2200 shares
Buy One Call Option of JUNE Strike Price 185.00@ 6.95 Rs.
Sell One Call Option of JUNE Strike Price 190.00@ 5.10 Rs.
Premium Paid = 6.95*2200 = 15290.00 Rs.
Premium Received = 5.10*2200 = 11220.00 Rs.
Net Premium Paid = 15290 – 11220 = 4070.00 Rs.
Maximum Profit = 190.00 – 185.00 = 5*2200 = 11000.00 – 4070.00 = 6930.00 Rs.
Maximum Loss = 4070.00 Rs.
Break Even = 186.85
Trading Idea
(1) AMBUJA CEMENT (230.25) Buy this stock in decline and trade. .
(2) EICHER MOTORS (18742.30) Buy this stock in decline and trade.
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