BSE Sensex (19339.90) closed up by 4.5% last week..Nifty Future December was quoting at 26.30 points premium.Nifty call option December 5900 was very active.Support for Sensex is at 18770. Resistance for Sensex is at 19930.
TATA MOTOR and SBI added Open Interest in December series.Huge position was build up at RIL December Call Option Strike Price 820.Good build up was also seen at SBI December Call Option Strike Price 2200.
Strategy for Futures Option players.
(1) TATA STEEL (386.20) lot size 500 shares
Buy One Call Option of December Strike Price 380@16 Rs
Sell One Call Option of December Strike Price firstname.lastname@example.org Rs.
Premium .Paid= 16*500=8000.00 Rs.
Premium Received= 7.65*500= 3825.00 Rs.
Net Premium Paid=8000-3825= 4175.00 Rs.
Maximum Profit==400-380 =20*500=10000-4175= 5825 Rs.-
Maximum Loss= 4175 Rs.
Break Even = 388.35
(2) SBIN (2182.35) Future-Lot Size 125 shares.
Buy One Lot December Future @2182.35 Rs
Sell One Call Option of December Strike Price 2200@ Rs.59
Premium Received=59*125= 7375.00 Rs
Maximum Profit=2200-2182.35 == 17.65*125=.2206.25 + 7375=9581.25 Rs.
(1) TCS(1314) Buy this stock in decline and trade .
(2) HINDALCO (116.60) Buy this stock in decline and trade
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