Quarterly earnings to dictate market trend
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BSE Sensex (29517.20) and NSE Nifty(9174.30) close down by 0.60 % and 0.30% respectively last week.
IBREALEST and ICICI BANK added Open Interest in April series.Huge position was build up at SUZLON April call Option Strike Price 20.00.Good build up was also seen at JPASSOCIAT call Option Strike Price 17.50.
Strategy for Futures Option players
(1) HDIL (86) Future-Lot Size 8000 shares.
Buy One Lot April Future @ 86.00 Rs.
Sell One Call Option April strike price 87.50 @ 2.50 Rs
Premium Received = 2.50*8000 = 20000.00 Rs
Maximum Profit= 87.50 – 86.00 = 1.50*8000 = 12000.00 + 20000.00 = 32000.00 Rs.
Max Loss=Unlimited.
(2) HIND PETRO (559.75) LOT SIZE 2000 shares
Buy One Call Option of April Strike Price 560@ 11.50 Rs.
Sell One Call Option of April Strike Price 580.00@ 4.80 Rs.
Premium Paid = 11.50*2100 = 24150.00 Rs.
Premium Received = 4.80*2100 = 10080.00 Rs.
Net Premium Paid = 24150.00 – 10080.00 = 14070.00 Rs.
Maximum Profit = 580.00 – 560.00 = 20*2100 = 42000.00 – 14070.00 = 27930.00 Rs.
Maximum Loss = 14070.00 Rs.
Break Even = 566.70
Trading Idea
(1) SRF (1693.35) Buy this stock in decline and trade.
(2) ENGINEERS INDIA (157.85) Buy this stock in decline and trade.
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