Macroeconomic data to dictate market trend
BSE Sensex (33314.56) and NSE Nifty(10321.75) closed respectively last week.
JPASSOCIAT and SBIN added Open Interest in November series.Huge position was build up at SUZLON November 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
Buy One Lot November Future @ 1266.00 Rs.
Sell One Call Option November strike price 1280.00 @ 36.00 Rs
Premium Received = 36.00*750 = 27000.00 Rs
Maximum Profit= 1280.00 – 1266.00 = 14.00*750 = 10500 + 27000.00 = 37500.00 Rs.
(2) SBIN (334) LOT SIZE 3000 shares
Buy One Call Option of November Strike Price firstname.lastname@example.org Rs.
Sell One Call Option of November Strike Price 340.00@ 9.50 Rs.
Premium Paid = 14*3000 = 42000.00 Rs.
Premium Received = 9.50*3000 = 28500.00 Rs.
Net Premium Paid = 42000.00 – 28500.00 = 13500.00 Rs.
Maximum Profit = 340.00 – 330.00 = 10*3000 = 30000.00 – 13500.00 = 16500.00 Rs.
Maximum Loss = 13500.00 Rs.
BREAKEVEN = 334.50
(1) M & M (1392.00) Buy this stock in decline and trade.
(2) JSWSTEEL (271) Buy this stock in decline and trade.
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