Auto stocks to remain in focus
BSE Sensex (34142.15) and NSE Nifty (10491.05) closed respectively last week.
JPASSOCIAT and GMRINFRA added Open Interest in March series.Huge position was build up at SUZLON March call Option Strike Price 15.00.Good build up was also seen at GMR INFRA call Option Strike Price 20.00.
Strategy for Futures Option players
(1) ADANI POWER (32.40) Future-Lot Size 20000 shares.
Buy One Lot March Future @ 32.40 Rs.
Sell One Call Option March strike price 35 @ 0.90 Rs
Premium Received = 0.90*20000 = 18000.00 Rs
Maximum Profit= 35.00 – 32.40 = 2.60*20000 = 52000.00 + 18000.00 = 70000.00 Rs.
(2) ARVIND (411.50) LOT SIZE 2000 shares
Buy One Call Option of March Strike Price 400@ 21.85 Rs.
Sell One Call Option of March Strike Price 420.00@ 11.50 Rs.
Premium Paid = 21.85*2000 = 43700.00 Rs.
Premium Received = 11.50*2000 = 23000.00 Rs.
Net Premium Paid = 43700.00 – 23000.00 = 20700.00 Rs.
Maximum Profit = 420.00 – 400.00 = 20.00*2000 = 40000.00 – 20700.00 = 19300.00 Rs.
Maximum Loss = 20700.00 Rs.
BREAKEVEN = 410.35
(1) DIVIS LAB (1050.00) Buy this stock in decline and trade.
(2) JINDAL STEEL (265) Buy this stock in decline and trade.
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