Budget
session of parliament will commence on 29 January 2018
BSE Sensex (34592.39) and NSE Nifty (10681.25) closed respectively
last week.
ICICI BANK and IDEA
added Open Interest in January series.Huge position was build up at
SUZLON January call
Option Strike Price 17.50.Good
build up was also seen at RCOM call Option Strike Price 40.00.
Strategy for Futures Option players
(1)
HCL TECH (924.85) Future-Lot
Size 700 shares.
Buy One Lot January Future @ 924.85 Rs.
Sell One Call Option January strike price 940 @ 12.90 Rs
Premium Received = 12.90*700 = 9030.00 Rs
Maximum Profit= 940.00 – 924.85 = 15.15*700 = 10605.00 + 9030.00 = 19635.00 Rs.
Max Loss=Unlimited.
(2) SRF (2010) LOT SIZE 500 shares
Buy One Call Option of January Strike Price 2000@ 70.00 Rs.
Sell One Call Option of January Strike Price 2050.00@ 47.00 Rs.
Premium Paid = 70.00*500 = 35000.00 Rs.
Premium Received = 47.00*500 = 23500.00 Rs.
Net Premium Paid = 35000.00 – 23500.00 = 11500.00 Rs.
Maximum Profit = 2050.00 – 2000.00 = 50.00*500 = 25000.00 – 11500.00 = 13500.00 Rs.
Maximum Loss = 11500.00 Rs.
BREAKEVEN = 2023.00
Trading Idea
(1)
ICICI BANK (317) Buy this stock in decline and
trade.
(2)
HIND PETRO (426) Buy this stock in decline and
trade.
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