Trading could be volatile next week because of F&O expiry
BSE Sensex (31922.44) and NSE Nifty(9964.40) closed respectively last week.
WIPRO and HCLTECH added Open Interest in September series.Huge position was build up at SUZLON September call Option Strike Price 17.50.Good build up was also seen at GMRINFRA call Option Strike Price 20.00.
Strategy for Futures Option players
(1) INFRATEL(391.20) Future-Lot Size 1700 shares.
Buy One Lot September Future @ 391.20 Rs.
Sell One Call Option September strike price 400.00 @ 2.30 Rs
Premium Received = 2.30*1700 = 3910.00 Rs
Maximum Profit= 400.00 – 391.20 = 8.80*1700 = 14960.00 + 3910.00 = 18870.00 Rs.
Max Loss=Unlimited.
(2) HCLTECH (882.90) LOT SIZE 700 shares
Buy One Call Option of September Strike Price 880@12.80 Rs.
Sell One Call Option of September Strike Price 900.00@ 5.90 Rs.
Premium Paid = 12.80*700 = 8960.00 Rs.
Premium Received = 5.90*700 = 4130.00 Rs.
Net Premium Paid = 8960.00 – 4130.00 = 4830.00 Rs.
Maximum Profit = 900.00 – 880.00 = 20.00*700 = 14000.00 – 4830.00 = 9170.00 Rs.
Maximum Loss = 4830.00 Rs.
Break Even = 886.90
Trading Idea
(1) OIL (328.70) Buy this stock in decline and trade.
(2) WIPRO(294.40) Buy this stock in decline and trade.
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