Union Budget will be presented on 1 Febuary 2018
BSE Sensex (35511.58) and NSE Nifty (10894.70) closed respectively last week.
JPASSOCIAT and SUZLON added Open Interest in January series.Huge position was build up at SUZLON January call Option Strike Price 17.50.Good build up was also seen at GMR INFRA call Option Strike Price 25.00.
Strategy for Futures Option players
(1) SBIN (309.00) Future-Lot Size 3000 shares.
Buy One Lot January Future @ 309.00 Rs.
Sell One Call Option January strike price 315 @ 3.00 Rs
Premium Received = 3*3000 = 9000.00 Rs
Maximum Profit= 315.00 – 309.00 = 6*3000 = 18000.00 + 9000.00 = 27000.00 Rs.
(2) CANBK (363.60) LOT SIZE 1600 shares
Buy One Call Option of January Strike Price 360@ 9.00 Rs.
Sell One Call Option of January Strike Price 370.00@ 5.00 Rs.
Premium Paid = 9*1600 = 14400.00 Rs.
Premium Received = 5*1600 = 8000.00 Rs.
Net Premium Paid = 14400.00 – 8000.00 = 6400.00 Rs.
Maximum Profit = 370.00 – 360.00 = 10.00*1600 = 16000.00 – 6400.00 = 9600.00 Rs.
Maximum Loss = 6400.00 Rs.
BREAKEVEN = 364.00
(1) BIOCON (569) Buy this stock in decline and trade.
(2) TORRENT POWER (304) Buy this stock in decline and trade.
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