Auto stocks will remain in focus
BSE Sensex (34056.83) and NSE Nifty (10530.70) closed respectively last week.
JASSOCIAT and RCOM added Open Interest in January series.Huge position was build up at SUZLON January call Option Strike Price 15.00.Good build up was also seen at RCOM call Option Strike Price 40.00.
Strategy for Futures Option players
(1) HDIL (65.95) Future-Lot Size 9000 shares.
Buy One Lot January Future @ 65.95 Rs.
Sell One Call Option January strike price 67.50 @ 3.50 Rs
Premium Received = 3.50*9000 = 31500.00 Rs
Maximum Profit= 67.50 – 65.95 = 1.55*9000 = 13950.00 + 31500.00 = 45450.00 Rs.
(2) IDEA (107.10) LOT SIZE 7000 shares
Buy One Call Option of January Strike Price 107.50@ 6.00 Rs.
Sell One Call Option of January Strike Price 110.00@ 4.70 Rs.
Premium Paid = 6*7000 = 42000.00 Rs.
Premium Received = 4.70*7000 = 32900.00 Rs.
Net Premium Paid = 42000.00 – 32900.00 = 9100.00 Rs.
Maximum Profit = 110.00 – 107.50 = 2.50*7000 = 17500.00 – 9100.00 = 8400.00 Rs.
Maximum Loss = 9100.00 Rs.
BREAKEVEN = 108.80
(1) COLPAL (1100) Buy this stock in decline and trade.
(2) TATA MOTORS (431.05) Buy this stock in decline and trade.
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