Market remains shut on 2 October 2017 because of Gandhi Jayanti
BSE Sensex (31283.72) and NSE Nifty(9788.60) closed respectively last week.
JPASSOCIAT and IBREALEST added Open Interest in October series.Huge position was build up at SUZLON October call Option Strike Price 17.50.Good build up was also seen at JPASSOCIAT call Option Strike Price 20.00.
Strategy for Futures Option players
(1) AURO PHARMA (697) Future-Lot Size 800 shares.
Buy One Lot October Future @ 697.00 Rs.
Sell One Call Option October strike price 700.00 @ 27.40 Rs
Premium Received = 27.40*800 = 21920.00 Rs
Maximum Profit= 700.00 – 697.00 = 3.00*800 = 2400.00 + 21920.00 = 24320.00 Rs.
(2) IDEA (77.80) LOT SIZE 7000 shares
Buy One Call Option of October Strike Price email@example.com Rs.
Sell One Call Option of October Strike Price 80.00@ 2.30 Rs.
Premium Paid = 3.30*7000 = 23100.00 Rs.
Premium Received = 2.30*7000 = 16100.00 Rs.
Net Premium Paid = 23100.00 – 16100.00 = 7000.00 Rs.
Maximum Profit = 80.00 – 77.50 = 2.50*7000 = 17500.00 – 7000.00 = 10500.00 Rs.
Maximum Loss = 7000.00 Rs.
Break Even = 78.50
(1) EICHER MOTORS (32213.30) Buy this stock in decline and trade.
(2) GAIL(419.05) Buy this stock in decline and trade.
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