Market Indices
follow sell-off in global stocks
BSE Sensex
(26297.38) and NSE Nifty(7859.95) closed down by 1%
and 1.1% respectively last week.Nifty Future was quoting at 32.60 points premium.Nifty call option October 8000 was very active.Support for Sensex is
at 25900 and Nifty at 7750. Resistance
for Sensex is at 26520 and Nifty at 7930.
INFY and BHEL added Open Interest in October series.Huge
position was build up at RELIANCE INDUSTRIES October call Option Strike Price 1000.Good build up
was also seen at APOLLO TYRE
October call Option Strike Price 240.
Strategy for Futures Option players.
(1) FEDERAL BANK (129) Future-Lot Size 4000 shares.
Buy One Lot OCTOBER Future
@ 129.00 Rs
Sell One Call Option October strike price 135@2.35 Rs
Premium Received=2.35*4000= 9400.00 Rs
Maximum Profit=135– 129 = 6*4000= 24000.00 +
9400.00 = 33400.00 Rs.
Max Loss=Unlimited.
(2) BHEL (221.60) LOT SIZE 2000 shares
Buy
One Call Option of OCTOBER
Strike Price 220@ 7.70 Rs.
Sell
One Call Option of OCTOBER
Strike Price 230@4.10 Rs.
Premium Paid = 7.70*2000= 15400.00 Rs.
Premium Received=4.10*2000= 8200.00 Rs.
Net Premium Paid= 15400.00-8200.00= 7200.00 Rs.
Maximum Profit =230-220=10*2000=20000– 7200.00
= 12800.00 Rs.
Maximum Loss= 7200.00 Rs.
Break Even= 223.60
Trading Idea
(1) HIND PETRO(508.60) Buy this stock
in decline and trade
.
(2) ASHOK LEYLAND
(44.10) Buy this stock in decline and trade
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1 comment:
Epic research Options - Call and Put Tips for 14 october is BUY HINDPETRO 500 PUT OPTION ABOVE 16 TGT 17 18 19.50 SL 14.50.
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