Saturday, June 22, 2013

June 2013 F&O contracts expire on Thursday, 27 June 2013



BSE Sensex (18774.24)   and Nifty (5667.65) closed  down  by  2.1% and  2.4% respectively last week.Nifty Future June was quoting at  11.70  points discount.Nifty PUT option June  5600 was very active.Support for Sensex is at  18470.Resistance for Sensex is at 19230. Support for Nifty is at 5570 and resistance at 5815.


POWERGRID  and  ICICI BANK  added Open Interest in June series.Huge position was build up at  SBI  June Call Option Strike Price 2000.Good build up was also seen at  RCOM  Call June  Option Strike Price 130.


Strategy  for Futures Option players.                                                                 


(1) RCOM (119.55) lot size 4000 shares                                                                                                                                                                                                                         
Buy One Call Option of  JULY Strike Price 120@ 7.55 Rs
Sell One Call Option of  JULY Strike Price 130@ 4.20 Rs.
Premium .Paid= 7.55*4000= 30200.00 Rs.
Premium Received= 4.20*4000 =  16800.00 Rs.
Net Premium Paid= 30200 - 16800= 13400.00 Rs.
Maximum Profit= 130-120= 10*4000 = 4000.00- 13400= 26600.00 Rs.
 Maximum Loss=  13400.00 Rs.
Break Even = 123.35


(2) WIPRO (347.25)   Future-Lot Size 500 shares.
Buy One Lot  JULY  Future  @ 347.25 Rs
Sell One Call Option of  JULY Strike Price 360@ 9.00 Rs.
Premium Received= 9*500 = 4500.00 Rs
Maximum Profit= 360-347.25 = 12.75*500 = 6375.00 + 4500.00 = 10875.00 Rs.
Max Loss=Unlimited.
           
Trading Idea

(1) CAIRN (293.50) Buy this stock in decline and trade                                                                                                                                                                                                                                .
(2) IDEA (139.85) Buy this stock in decline and trade






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