European Central Bank’s monetary policy outcome on 7 September 2017
BSE Sensex (31892.23) and NSE Nifty(9974.40) closed respectively last week.
JPASSOCIAT and GMRINFRA added Open Interest in September series.Huge position was build up at SUZLON September call Option Strike Price 17.50.Good build up was also seen at GMRINFRA call Option Strike Price 20.00.
Strategy for Futures Option players
(1) IDFC (58.05) Future-Lot Size 13200 shares.
Buy One Lot September Future @ 58.05 Rs.
Sell One Call Option September strike price 60.00 @ 1.15 Rs
Premium Received = 1.15*13200 = 15180.00 Rs
Maximum Profit= 60.00 – 58.05 = 1.95*13200 = 25740.00 + 15180.00 = 40920.00 Rs.
Max Loss=Unlimited.
(2) SUN TV (768) LOT SIZE 1000 shares
Buy One Call Option of September Strike Price 760@39.65 Rs.
Sell One Call Option of September Strike Price 780.00@ 30.35 Rs.
Premium Paid = 39.65*1000 = 39650.00 Rs.
Premium Received = 30.35*1000 = 30350.00 Rs.
Net Premium Paid = 39650.00 – 30350.00 = 9300.00 Rs.
Maximum Profit = 780.00 – 760.00 = 20.00*1000 = 20000.00 – 9300.00 = 10700.00 Rs.
Maximum Loss = 9300.00 Rs.
Break Even = 769.30
Trading Idea
(1) DRREDDY (2212) Buy this stock in decline and trade.
(2) SRTRANSFIN(1024.80) Buy this stock in decline and trade.
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The Sensex on Thursday surged more than 1%, or 348 points—its biggest one-day rise in three months—to close at 32,182.Share Tips Expert
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