Reduction in GST rates in goods and services welcomed by market
BSE Sensex (33342.80) and NSE Nifty(10283.80) closed respectively last week.
HDIL and TATAPOWER 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 @ 605.00 Rs.
Sell One Call Option November strike price 610.00 @ 12.00 Rs
Premium Received = 12*1100 = 13200.00 Rs
Maximum Profit= 610.00 – 605.00 = 5.00*1100 = 5500 + 13200.00 = 18700.00 Rs.
(2) PIDILITIND (840) LOT SIZE 1000 shares
Buy One Call Option of November Strike Price email@example.comRs.
Sell One Call Option of November Strike Price 850.00@ 8.00 Rs.
Premium Paid = 11.85*1000 = 11850.00 Rs.
Premium Received = 8.0*1000 = 8000.00 Rs.
Net Premium Paid = 11850.00 – 8000.00 = 3850.00 Rs.
Maximum Profit = 850.00 – 840.00 = 10*1000 = 10000.00 – 3850.00 = 6150.00 Rs.
Maximum Loss = 3850.00 Rs.
BREAKEVEN = 843.85
(1) DLF (223.60) Buy this stock in decline and trade.
(2) MARUTI (8337) Buy this stock in decline and trade.
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