US Federal Reserve’s decision on interest rate on 3 May 2018
BSE Sensex (34969.70) and NSE Nifty (10692.30) closed respectively last week.
AXIS BANK and FEDERAL BANK added Open Interest in May series.Huge position was build up at SUZLON May call Option Strike Price 12.50.Good build up was also seen at GMRINFRA call Option Strike Price 20.00.
Strategy for Futures Option players
(1) SUN PHARMA (528.30) Future-Lot Size 1100 shares.
Buy One Lot May Future @ 528.30 Rs.
Sell One Call Option May strike price 530 @ 17.50 Rs
Premium Received = 17.50*1100 = 19250.00 Rs
Maximum Profit= 530.00 – 528.30 = 1.70*1100 = 1870.00 + 19250.00 = 21120.00 Rs.
(2) CUMMINS INDIA (764.00) LOT SIZE 600 shares
Buy One Call Option of May Strike Price 760@ 31.50 Rs.
Sell One Call Option of May Strike Price 780@ 22.00 Rs.
Premium Paid = 31.50*600 = 18900.00 Rs.
Premium Received = 22.00*600 =13200.00 Rs.
Net Premium Paid = 18900.00 – 13200.00 = 5700.00 Rs.
Maximum Profit = 780.00 – 760.00 = 20.00*600 = 12000.00 – 5700.00 = 6300.00 Rs.
Maximum Loss = 5700.00 Rs.
BREAKEVEN = 769.50
(1) CENTURY TEXTILES (1250.00) Buy this stock in decline and trade.
(2) MRF (80398.00) Buy this stock in decline and trade.
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