Budget session of parliament will commence on 29 January 2018
BSE Sensex (34592.39) and NSE Nifty (10681.25) closed respectively last week.
ICICI BANK and IDEA 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 RCOM call Option Strike Price 40.00.
Strategy for Futures Option players
(1) HCL TECH (924.85) Future-Lot Size 700 shares.
Buy One Lot January Future @ 924.85 Rs.
Sell One Call Option January strike price 940 @ 12.90 Rs
Premium Received = 12.90*700 = 9030.00 Rs
Maximum Profit= 940.00 – 924.85 = 15.15*700 = 10605.00 + 9030.00 = 19635.00 Rs.
(2) SRF (2010) LOT SIZE 500 shares
Buy One Call Option of January Strike Price 2000@ 70.00 Rs.
Sell One Call Option of January Strike Price 2050.00@ 47.00 Rs.
Premium Paid = 70.00*500 = 35000.00 Rs.
Premium Received = 47.00*500 = 23500.00 Rs.
Net Premium Paid = 35000.00 – 23500.00 = 11500.00 Rs.
Maximum Profit = 2050.00 – 2000.00 = 50.00*500 = 25000.00 – 11500.00 = 13500.00 Rs.
Maximum Loss = 11500.00 Rs.
BREAKEVEN = 2023.00
(1) ICICI BANK (317) Buy this stock in decline and trade.
(2) HIND PETRO (426) Buy this stock in decline and trade.
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