Bank Of England will announce monetary policy on 16 June 2016
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BSE Sensex (26635.75) and NSE Nifty(8170.05) close down 0.6 % and 0.5 % respectively last week.
HINDALCO and VEDL added Open Interest in JUNE series.Huge position was build up at HINDALCO JUNE call Option Strike Price 125.00.Good build up was also seen at VEDL JUNE call Option Strike Price 130.00.
Strategy for Futures Option players
(1) SUN PHARMA (743.90) Future-Lot Size 600 shares.
Buy One Lot JUNE Future @ 743.90 Rs.
Sell One Call Option JUNE strike price 760 @ 13.30 Rs
Premium Received = 13.30*600 = 7980.00 Rs
Maximum Profit= 760.00 – 743.90 = 16.10*600 = 9660.00 + 7980 = 17640.00 Rs.
Max Loss=Unlimited.
(2) IDEA (103.50) LOT SIZE 3000 shares
Buy One Call Option of JUNE Strike Price 102.50@ 3.65 Rs.
Sell One Call Option of JUNE Strike Price 110.00@1.25 Rs.
Premium Paid = 3.65*3000 = 10950.00 Rs.
Premium Received = 1.25*3000 = 3750.00 Rs.
Net Premium Paid = 10950 – 3750 = 7200.00 Rs.
Maximum Profit = 110.00 – 102.50 = 7.50*3000 = 22500.00 – 7200.00 = 15300.00 Rs.
Maximum Loss = 7200.00 Rs.
Break Even = 104.90
Trading Idea
(1) VEDL (116.80) Buy this stock in decline and trade. .
(2) CESC (565.05) Buy this stock in decline and trade.
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