RBI policy will be announced on 7 February 2018
BSE Sensex (35066.75) and NSE Nifty (10760.60) closed respectively last week.
TECHM and MFSL 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) HCL TECH (994) Future-Lot Size 700 shares.
Buy One Lot February Future @ 994.00 Rs.
Sell One Call Option February strike price 1000 @ 22.50 Rs
Premium Received = 22.50*700 = 15750.00 Rs
Maximum Profit= 1000.00 – 994.00 = 6*700 = 4200.00 + 15750.00 = 19950.00 Rs.
(2) MAX FINANCIAL SERVICES (545.00) LOT SIZE 1000 shares
Buy One Call Option of February Strike Price 540@ 21.00 Rs.
Sell One Call Option of February Strike Price 560.00@ 11.00 Rs.
Premium Paid = 21*1000 = 21000.00 Rs.
Premium Received = 11*1000 = 11000.00 Rs.
Net Premium Paid = 21000.00 – 11000.00 = 10000.00 Rs.
Maximum Profit = 560.00 – 540.00 = 20.00*1000 = 20000.00 – 10000.00 = 10000.00 Rs.
Maximum Loss = 10000.00 Rs.
BREAKEVEN = 550
(1) TECH MAHINDRA (619.40) Buy this stock in decline and trade.
(2) PAGE INDUSTRIES (20075.50) Buy this stock in decline and trade.
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