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RBI will announce monetary policy on 7 June 2016
.
We can see through the charts.
We can write it on the wall.
What are you waiting for?
We are BULLET
BSE Sensex (26843.03) and NSE Nifty(8220.80) close up 0.5 % and 0.8 % respectively last week.
AXIS
BANK and TATA MOTORS added Open Interest in JUNE series.Huge
position was build up at IDEA JUNE put Option Strike Price 100.00.Good
build up was also seen at ICICI BANK JUNE call Option Strike Price
250.00.
Strategy for Futures Option players
(1) SKSMICRO (681) Future-Lot Size 1000 shares.
Buy One Lot JUNE Future @ 681.00 Rs.
Sell One Call Option JUNE strike price 700 @ 15.80 Rs
Premium Received = 15.80*1000 = 15800.00 Rs
Maximum Profit= 700.00 – 681.00 = 19.00*1000 = 19000.00 + 15800 = 34800.00 Rs.
Max Loss=Unlimited.
(2) CASTROL IND (378.70) LOT SIZE 1100 shares
Buy One Call Option of JUNE Strike Price 380.00@ 9.80 Rs.
Sell One Call Option of JUNE Strike Price 390.00@ 5.85 Rs.
Premium Paid = 9.80*1100 = 10780.00 Rs.
Premium Received = 5.85*1100 = 6435.00 Rs.
Net Premium Paid = 10780 – 6435 = 4345.00 Rs.
Maximum Profit = 390.00 – 380.00 = 10*1100 = 11000.00 – 4345.00 = 6655.00 Rs.
Maximum Loss = 4345.00 Rs.
Break Even = 383.95
Trading Idea
(1)
SRTRANSFIN (1171.70) Buy this stock in decline and trade.
.
(2) BAJAJ AUTO (2639.20) Buy this stock in decline and trade.
By
Bullet Advisory.
Traders trade with us.
Funds follow us.
Globe track us.
What are you waiting for?
Join us.
we are BULLET
Website www.bulletadvisory.com
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