Saturday, August 26, 2017

The new month derivatives contract expire on Thursday 31 August 2017


 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.
Max Loss=Unlimited.


(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


Trading Idea

(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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1 comment:

Anju Shukla said...

Infosys surged 4 percent as CLSA upgraded the stock to buy from underperform and raised target price to Rs 1,070 from Rs 940 after co-founder Nandan Nilekani joined the company again as non-executive chairman. capitalstars

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