BSE Sensex (31596.06) and NSE Nifty(9857.05) closed respectively last week.
SBIN and ASHOKLEY added Open Interest in September series.Huge position was build up at SUZLON September 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) JSWSTEEL (247.45) Future-Lot Size 3000 shares.
Buy One Lot July Future @ 247.45 Rs.
Sell One Call Option September strike price 250.00 @ 2.20 Rs
Premium Received = 2.20*3000 = 6600.00 Rs
Maximum Profit= 250.00 – 247.45 = 2.55*3000 = 7650.00 + 6600.00 = 14250.00 Rs.
(2) TVS MOTORS (595.15) LOT SIZE 2000 shares
Buy One Call Option of September Strike Price 600@ 15.60 Rs.
Sell One Call Option of September Strike Price 620.00@ 8.50 Rs.
Premium Paid = 15.60*2000 = 31200.00 Rs.
Premium Received = 8.50*2000 = 17000.00 Rs.
Net Premium Paid = 31200.00 – 17000.00 = 14200.00 Rs.
Maximum Profit = 620.00 – 600.00 = 20*2000 = 40000.00 – 14200.00 = 25800.00 Rs.
Maximum Loss = 14200.00 Rs.
Break Even = 612.90
(1) SUNPHARMA (483) Buy this stock in decline and trade.
(2) BIOCON (338.95) Buy this stock in decline and trade.
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