BSE Sensex (18506.57) closed up by 1.1% last week..Nifty Future November was quoting at 3.70 points premium.Nifty call option November 5600 was very active.Support for Sensex is at 18320. Resistance for Sensex is at 18630.
RIL and SBI added Open Interest in November series.Huge position was build up at RIL November Call Option Strike Price 780.Good build up was also seen at SBI November Call Option Strike Price 2100.
Strategy for Futures Option players.
(1) BHEL(224.70) lot size 1000 shares
Buy One Call Option of November Strike Price firstname.lastname@example.org Rs
Sell One Call Option of November Strike Price email@example.com Rs.
Premium .Paid= 5.75*1000=5750.00 Rs.
Premium Received= 0.95*1000= 950.00 Rs.
Net Premium Paid=5750-950= 4800.00 Rs.
Maximum Profit==230-220 =10*1000=10000-4800= 5200 Rs.-
Maximum Loss= 4800 Rs.
Break Even = 224.80
(2) ZEEL(204.70) Future-Lot Size 2000 shares.
Buy One Lot November Future @204.70 Rs
Sell One Call Option of November Strike Price 210@ Rs.2.60
Premium Received=2.600*2000= 5200.00 Rs
Maximum Profit=210-204.70 == 5.30*2000=.10600 + 5200=15800.00 Rs.
(1) TCS(1288.60) Buy this stock in decline and trade .
(2) RELIANCE INDUSTRIES(773.75) Buy this stock in decline and trade
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