Market may remain volatile because of geopolitical concerns
BSE Sensex (34192.65) and NSE Nifty (10480.60) closed respectively last week.
NALCO and RCOM added Open Interest in April series.Huge position was build up at SUZLON April call Option Strike Price 12.50.Good build up was also seen at GMRINFRA call Option Strike Price 22.50.
Strategy for Futures Option players
(1) CESC (1034.50) Future-Lot Size 550 shares.
Buy One Lot April Future @ 1034.50 Rs.
Sell One Call Option April strike price 1040 @ 16.50 Rs
Premium Received = 16.50*550 = 9075.00 Rs
Maximum Profit= 1040.00 – 1034.50 = 5.50*550 = 3025.00 + 9075.00 = 12100.00 Rs.
(2) KOTAK BANK (1151.55) LOT SIZE 800 shares
Buy One Call Option of April Strike Price 1140@ 22.50 Rs.
Sell One Call Option of April Strike Price 1160@ 12.50 Rs.
Premium Paid = 22.50*800 = 18000.00 Rs.
Premium Received = 12.50*800 = 10000.00 Rs.
Net Premium Paid = 18000.00 – 10000.00 = 8000.00 Rs.
Maximum Profit = 1160.00 – 1140.00 = 20.00*800 = 16000.00 – 8000.00 = 8000.00 Rs.
Maximum Loss = 8000.00 Rs.
BREAKEVEN = 1150.00
(1) GLENMARK (582.20) Buy this stock in decline and trade.
(2) JINDALSTEEL (251.80) Buy this stock in decline and trade.
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