former
US Treasury Secretary Lawrence Summers may be declared as the next chairman of
the US Federal Reserve Board of Governors.
BSE Sensex
(19732.76) and Nifty (5850.60) closed up
by 2.4 % and 3 % respectively last week.Nifty Future
September was quoting at 25.50 points premium.Nifty Call option September 6000 was very active.Support for Sensex is at 19300.Resistance for Sensex is at 20100. Support
for Nifty is at 5750 and resistance at 5950.
UNITECH and RCOM added Open Interest in SEPTEMBER series.Huge
position was build up at LT CALL Option Strike Price 880.Good build up was
also seen at JAIN IRRIGATION September CALL Option Strike Price 60.
Strategy for Futures Option players.
(1)UNITECH
(18.10) lot size 8000 shares
Buy One Call Option of SEPTEMBER Strike Price 17.50@ 1.45 Rs
Sell One Call Option of SEPTEMBER
Strike Price 20@ 0.60 Rs.
Premium .Paid= 1.45*8000 = 11600.00 Rs.
Premium Received= 0.60*8000 = 4800.00 Rs.
Net Premium Paid= 11600 – 4800 = 6800.00
Rs.
Maximum Profit= 20-17.50= 2.5*8000 = 20000
– 6800= 13200.00 Rs.
Maximum Loss=
6800.00 Rs.
Break Even = 18.35
(2) PFC (131.55)
Future-Lot Size 2000 shares.
Buy One Lot SEPTEMBER Future
@ 131.55 Rs
Sell One Call Option of SEPTEMBER Strike Price 140@ 2.60 Rs.
Premium Received= 2.60*2000 = 5200.00 Rs
Maximum Profit= 140-131.55 = 8.45*2000 =
16900.00 + 5200.00 = 22100.00 Rs.
Max Loss=Unlimited.
Trading Idea
(1) GAIL (313.80) Buy this stock in decline
and trade
.
(2) LT (836.40) Buy this stock in decline
and trade
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