Low risk derivative strategies by BULLET ADVISORY

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

(1)  JUST DIAL  (415)   Future-Lot Size  1400 shares.
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.
Max Loss=Unlimited.

(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

Trading Idea

(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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