Counting of votes for assembly elections on 19 MAY 2016
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BSE Sensex (25489.57) and NSE Nifty (7814.90) closed up by 1.0 % and 1.1 % respectively last week.
FEDERAL BANK and PFC added Open Interest in MAY series.Huge position was build up at BOB MAY put Option Strike Price 150.00.Good build up was also seen at IDFC MAY call Option Strike Price 55.00.
Strategy for Futures Option players
(1) POWER GRID (144.85) Future-Lot Size 4000 shares.
Buy One Lot MAY Future @ 144.85 Rs.
Sell One Call Option MAY strike price 145 @ 2.20 Rs
Premium Received = 2.20*4000 = 8800.00 Rs
Maximum Profit= 145.00 – 144.85 = 0.15*4000 = 600.00 + 8800 = 9400.00 Rs.
Max Loss=Unlimited.
(2) SOUTHBANK (18.65) LOT SIZE 22000 shares
Buy One Call Option of MAY Strike Price 17.50.00@ 1.25 Rs.
Sell One Call Option of MAY Strike Price 20.00@ 0.20 Rs.
Premium Paid = 1.25*22000 = 27500.00 Rs.
Premium Received = 0.20*22000 = 4400.00 Rs.
Net Premium Paid = 27500.00 – 4400.00 = 23100.00 Rs.
Maximum Profit = 20.00 – 17.50.00 = 2.50*22000= 55100.00 – 23100.00 = 31900.00 Rs.
Maximum Loss = 23100.00 Rs.
Break Even = 18.55
Trading Idea
(1) GLENMARK PHARMA (868.65) Buy this stock in decline and trade. .
(2) TATA GLOBAL (119.55) Buy this stock in decline and trade.
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BOOK PARTIAL PROFIT IN NIFTY 7900 CALL, T1 ACHIEVED
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