Quarterly results to provide direction
BSE Sensex (34915.38) and NSE Nifty (10618.25) closed respectively last week.
ICICIBANK and RCOM 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
Buy One Lot May Future @ 415.00 Rs.
Sell One Call Option May strike price 420 @ 23.00 Rs
Premium Received = 23.00*1400 = 32200.00 Rs
Maximum Profit= 420.00 – 415.00 = 5*1400 = 7000.00 + 32200.00 = 39200.00 Rs.
(2) APOLLO HOSPITAL(1100.30) Lot Size – 500 Shares
Buy Call Option of May Strike Price 1100@ 35.00 Rs.
Sell One Call Option of May Strike Price 1120@ 24.00 Rs.
Premium Paid = 35*500 = 17500.00 Rs.
Premium Received = 24*500 =12000.00 Rs.
Net Premium Paid = 17500.00 – 12000.00 = 5500.00 Rs.
Maximum Profit = 1120.00 – 1100.00 = 20.00*500 = 10000.00 – 5500.00 = 4500.00 Rs.
Maximum Loss = 5500.00 Rs.
BREAKEVEN = 1111.00
(1) ADANI PORTS (408.00) Buy this stock in decline and trade.
(2) FEDERAL BANK (100.55) Buy this stock in decline and trade.
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