Macro data to dictate trend
BSE Sensex (32432.69) and NSE Nifty(10167.45) closed respectively last week.
INFIBEAM and BHARTIARTL 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 GMRINFRA call Option Strike Price 17.50.
Strategy for Futures Option players
(1) ACC (1771) Future-Lot Size 400 shares.
Buy One Lot October Future @ 1771.00 Rs.
Sell One Call Option October strike price 1780.00 @ 32.00 Rs
Premium Received = 32.00*400 = 12800.00 Rs
Maximum Profit= 1780.00 – 1771.00 = 9.00*400 = 3600.00 + 12800.00 = 16400.00 Rs.
(2) BATA INDIA (790.90) LOT SIZE 1100 shares
Buy One Call Option of October Strike Price firstname.lastname@example.org Rs.
Sell One Call Option of October Strike Price 800.00@ 11.20 Rs.
Premium Paid = 15.70*1100 = 17270.00 Rs.
Premium Received = 11.20*1100 = 12320.00 Rs.
Net Premium Paid = 17270.00 – 12320.00 = 4950.00 Rs.
Maximum Profit = 800.00 – 790.00 = 10*1100 = 1100.00 – 4950.00 = 6050.00 Rs.
Maximum Loss = 4950.00 Rs.
Break Even = 794.50
(1) ASIAN PAINTS (1174.25) Buy this stock in decline and trade.
(2) HCL TECH(926.50) Buy this stock in decline and trade.
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