Vishal Sikka’s resignation as M.D. and CEO of Infosys dragged the market down
BSE Sensex (31524.68) and NSE Nifty(9837.40) closed respectively last week.
SUZLON and GMRINFRA added Open Interest in August series.Huge position was build up at SUZLON August call Option Strike Price 20.00.Good build up was also seen at GMRINFRA call Option Strike Price 20.00.
Strategy for Futures Option players
(1) IDBI (54.45) Future-Lot Size 8000 shares.
Buy One Lot August Future @ 54.45 Rs.
Sell One Call Option August strike price 55.00 @ 1.50 Rs
Premium Received = 1.50*8000 = 12000.00 Rs
Maximum Profit= 55.00 – 54.45 = 0.55*8000 = 4400.00 + 12000.00 = 16400.00 Rs.
(2) DISH TV (78) LOT SIZE 7000 shares
Buy One Call Option of August Strike Price email@example.com Rs.
Sell One Call Option of August Strike Price 80.00@ 1.50 Rs.
Premium Paid = 2.65*7000 = 18550.00 Rs.
Premium Received = 1.50*7000 = 10500.00 Rs.
Net Premium Paid = 18550.00 – 10500.00 = 8050.00 Rs.
Maximum Profit = 80.00 – 77.50 = 2.50*7000 = 17500.00 – 8050.00 = 9450.00 Rs.
Maximum Loss = 8050.00 Rs.
Break Even = 78.65
(1) ULTRATECH (4014.30) Buy this stock in decline and trade.
(2) INFRATEL (395.30) Buy this stock in decline and trade.
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