Bank of England monetary policy meet on 12 MAY 2016
We can see through the charts.
We can write it on the wall.
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BSE Sensex (25228.50) and NSE Nifty(7733.45) closed down by 1.50 % and 1.51 % respectively last week.
IDFC and TATAMOTORS added Open Interest in MAY series.Huge position was build up at NHPC MAY call Option Strike Price 20.00.Good build up was also seen at HINDALCO MAY call Option Strike Price 95.00.
Strategy for Futures Option players
(1) GAIL (384.10) Future-Lot Size 1400 shares.
Buy One Lot MAY Future @ 384.10 Rs.
Sell One Call Option MAY strike price 390 @ 10.35 Rs
Premium Received = 10.35*1400 = 14490.00 Rs
Maximum Profit= 390.00 – 384.10 = 5.90*1400 = 8260.00 + 14490 = 22750.00 Rs.
Max Loss=Unlimited.
(2) SIEMENS (1177.10) LOT SIZE 400 shares
Buy One Call Option of MAY Strike Price 1160.00@ 49.20 Rs.
Sell One Call Option of MAY Strike Price 1200.00@ 28.50 Rs.
Premium Paid = 49.20*400 = 19680.00 Rs.
Premium Received = 28.50*400 = 11400.00 Rs.
Net Premium Paid = 19680 – 11400 = 8280.00 Rs.
Maximum Profit = 1200.00 – 1160.00 = 40*400= 16000.00 – 8280.00 = 7720.00 Rs.
Maximum Loss = 8280.00 Rs.
Break Even = 1180.70
Trading Idea
(1) ASIAN PAINTS (889.45) Buy this stock in decline and trade. .
(2) IDFC (46.90) Buy this stock in decline and trade.
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2 comments:
Good share, great post, very useful for us…thanks!
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