Expiry of futures and options contracts on 18 March 2018
BSE Sensex (32596.54) and NSE Nifty (9998.05) closed respectively last week.
DISHTV and GAIL added Open Interest in April series.Huge position was build up at SUZLON April call Option Strike Price 15.00.Good build up was also seen at GMRINFRA call Option Strike Price 20.00.
Strategy for Futures Option players
(1) DISH TV (70.20) Future-Lot Size 7000 shares.
Buy One Lot April Future @ 70.20 Rs.
Sell One Call Option April strike price 72.50 @ 2.00 Rs
Premium Received = 2.0*7000 = 14000.00 Rs
Maximum Profit= 72.50 – 70.20 = 2.30*7000 = 16100.00 + 14000.00 = 30100.00 Rs.
(2) ICICI PRULIFE (380) LOT SIZE 1300 shares
Buy One Call Option of April Strike Price 370@ 20.00 Rs.
Sell One Call Option of April Strike Price 390@ 10.00 Rs.
Premium Paid = 20*1300 = 26000.00 Rs.
Premium Received = 10*1300 = 13000.00 Rs.
Net Premium Paid = 26000.00 – 13000.00 = 13000.00 Rs.
Maximum Profit = 390.00 – 370.00 = 20.00*1300 = 26000.00 – 13000.00 = 13000.00 Rs.
Maximum Loss = 13000.00 Rs.
BREAKEVEN = 380.00
(1) OIL (349.95) Buy this stock in decline and trade.
(2) MAX FINANCIAL SERVICES (447.05) Buy this stock in decline and trade.
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