Union Budget will dictate the trend
BSE Sensex (36050.44) and NSE Nifty (11069.65) closed respectively last week.
JPASSOCIAT and SUZLON added Open Interest in February series.Huge position was build up at SUZLON February 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) DIVI’S LAB (1125) Future-Lot Size 800 shares.
Buy One Lot February Future @ 1125.00 Rs.
Sell One Call Option February strike price 1140 @ 46.00 Rs
Premium Received = 46*800 = 36800.00 Rs
Maximum Profit= 1040.00 – 1025.00 = 15*800 = 12000.00 + 36800.00 = 48800.00 Rs.
(2) COAL INDIA (300.00) LOT SIZE 2200 shares
Buy One Call Option of February Strike Price 300@ 7.00 Rs.
Sell One Call Option of February Strike Price 310.00@ 4.20 Rs.
Premium Paid = 7*2200 = 15400.00 Rs.
Premium Received = 4.20*2200 = 9240.00 Rs.
Net Premium Paid = 15400.00 – 9240.00 = 6160.00 Rs.
Maximum Profit = 310.00 – 300.00 = 10.00*2200 = 22000.00 – 6160.00 = 15840.00 Rs.
Maximum Loss = 6160.00 Rs.
BREAKEVEN = 302.80
(1) ADANI ENTERPRISES (214.40) Buy this stock in decline and trade.
(2) VEDL (345.60) Buy this stock in decline and trade.
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