IPO of Endurance Technologies will open on 5 October 2016
We can see through the charts.
We can write it on the wall.
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BSE Sensex (27865.96) and NSE Nifty(8611.50) close down by 2.70 % and 2.40% respectively last week.
SBI and PNB added Open Interest in October series.Huge position was build up at RCOM October call Option Strike Price 50.00.Good build up was also seen at PNB call Option Strike Price 150.00.
Strategy for Futures Option players
(1) HAVELLS (420.30) Future-Lot Size 2000 shares.
Buy One Lot October Future @ 420.30 Rs.
Sell One Call Option October strike price 430.00 @ 10.70 Rs
Premium Received = 10.70*2000 = 21400.00 Rs
Maximum Profit= 430.00 – 420.30 = 9.70*2000 = 19400.00 + 21400.00 = 40800.00 Rs.
Max Loss=Unlimited.
(2) PETRONET (344.95) LOT SIZE 3000 shares
Buy One Call Option of October Strike Price 345.00@ 11.60 Rs.
Sell One Call Option of September Strike Price 350.00@ 10.45 Rs.
Premium Paid = 11.60*3000 = 34800.00 Rs.
Premium Received = 10.45*3000 = 31350.00 Rs.
Net Premium Paid = 34800.00 – 31350.00 = 3450.00 Rs.
Maximum Profit = 350.00 – 345.00 = 5*3000 = 15000.00 – 3450.00 = 11550.00 Rs.
Maximum Loss = 3450.00 Rs.
Break Even = 346.15
Trading Idea
(1) TVS MOTORS (365.85) Buy this stock in decline and trade. .
(2) TATA COMM (565.65) Buy this stock in decline and trade.
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