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F & O Expiry on Thursday 23 February 2017
We can see through the charts.
We can write it on the wall.
What are you waiting for?
We are BULLET
BSE Sensex (28468.75) and NSE Nifty(8821.70) close up by 0.40 % and 0.30% respectively last week.
JPASSOCIAT and HDFCBANK added Open Interest in February series.Huge position was build up at JPASSOCIAT February call Option Strike Price 15.00.Good build up was also seen at NHPC call Option Strike Price 35.00.
Strategy for Futures Option players
(1) JPASSOCIAT (15.15) Future-Lot Size 68000 shares.
Buy One Lot March Future @ 15.15 Rs.
Sell One Call Option March strike price 17.50 @ 0.95 Rs
Premium Received = 0.95*68000 = 64600.00 Rs
Maximum Profit= 17.50 – 15.15= 2.35*68000 = 159800 + 64600 = 224400.00 Rs.
Max Loss=Unlimited.
(2) SUNPHARMA (673.10) LOT SIZE 700 shares
Buy One Call Option of Maech Strike Price 660@ 32.90 Rs.
Sell One Call Option of March Strike Price 680.00@ 22.30 Rs.
Premium Paid = 32.90*700 = 23030.00 Rs.
Premium Received = 22.30*700 = 15610.00 Rs.
Net Premium Paid = 23030.00 – 15610.00 = 7420.00 Rs.
Maximum Profit = 680.00 – 660.00 = 20*700 = 14000.00 – 7420.00 = 6580.00 Rs.
Maximum Loss = 7420.00 Rs.
Break Even = 670.60
Trading Idea
(1) CASTROL (432.60) Buy this stock in decline and trade.
(2) DHFL (322.20) Buy this stock in decline and trade.
By
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