After good last month, let us begin with baby steps in new series.
As usual first week must be used by option trader for CALL sell purposes, to take maximum advantage of time value.
Sell Tatamotors 360 CALL of September expiry series between 1.25-1.50
Sell Reliance 960 CALL of September expiry series between 4-5.
Though both these stocks are in somewhat uptrend, the probability of these stocks reaching 360 and 960 respectively is less than 10%. Hence there is more than 90% chance that one can earn about Rs. 1000/- per trade by investing approximately Rs. 30000 to 40000 in margin money for less than 25 days. This is more than 4 times of bank FD interest!
Sell NIFTY 6100 CALL of October expiry between 20-23. Do not sell all CALL tomorrow. If NIFTY goes above 5550, then average some more 6100 CALLs.
Safe trades should enter in only above three trades (Tatamotors, Reliance and NIFTY) and below YESBANK strategy..
Low risk strategy for Yes Bank: Yes bank is in down trend, but it could give pull back up to 280/290.
Buy 250 CALL of Yesbank at around 20/-
Sell 290 CALL at around 7-8
Sell 180 PUT between 3-4
Sell 170 PUT between 2-3
Exit this strategy only if YESBANK slips below 200, with very marginal loss. profit potential is 15000 to 17000 if YESBANK crosses 290 at the time of expiry.
BHEL:
Risk takers can buy BHEL 125 CALL only if it crosses 6.25.
IDFC:
It seems IDFC formed bottom around 75.
Sell IDFC 75 PUT in the range of 3.30-4.20. Target 2.20/1.55. Book loss if IDFC goes below 75 in cash.
Short term trading portfolio:
Buy Bajaj-Auto October future in the range of 1825-1840 and simultaneously buy 1850 PUT of September expiry between 60-70. Kindly check values of the option contracts due to less liquidity.
Maximum loss could be around 10000/- but this trade has unlimited profit potential.
Sell Maruti October future in the range of 1240-1230 and simultaneously buy 1250 September series CALL in the range of 55-65. Maximum loss could be 8000/9000 but this trade has unlimited profit potential.
Important: If due to gap up opening, if prices are not in the desired range then don't enter in to the trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
As usual first week must be used by option trader for CALL sell purposes, to take maximum advantage of time value.
Sell Tatamotors 360 CALL of September expiry series between 1.25-1.50
Sell Reliance 960 CALL of September expiry series between 4-5.
Though both these stocks are in somewhat uptrend, the probability of these stocks reaching 360 and 960 respectively is less than 10%. Hence there is more than 90% chance that one can earn about Rs. 1000/- per trade by investing approximately Rs. 30000 to 40000 in margin money for less than 25 days. This is more than 4 times of bank FD interest!
Sell NIFTY 6100 CALL of October expiry between 20-23. Do not sell all CALL tomorrow. If NIFTY goes above 5550, then average some more 6100 CALLs.
Safe trades should enter in only above three trades (Tatamotors, Reliance and NIFTY) and below YESBANK strategy..
Low risk strategy for Yes Bank: Yes bank is in down trend, but it could give pull back up to 280/290.
Buy 250 CALL of Yesbank at around 20/-
Sell 290 CALL at around 7-8
Sell 180 PUT between 3-4
Sell 170 PUT between 2-3
Exit this strategy only if YESBANK slips below 200, with very marginal loss. profit potential is 15000 to 17000 if YESBANK crosses 290 at the time of expiry.
BHEL:
Risk takers can buy BHEL 125 CALL only if it crosses 6.25.
IDFC:
It seems IDFC formed bottom around 75.
Sell IDFC 75 PUT in the range of 3.30-4.20. Target 2.20/1.55. Book loss if IDFC goes below 75 in cash.
Short term trading portfolio:
Buy Bajaj-Auto October future in the range of 1825-1840 and simultaneously buy 1850 PUT of September expiry between 60-70. Kindly check values of the option contracts due to less liquidity.
Maximum loss could be around 10000/- but this trade has unlimited profit potential.
Sell Maruti October future in the range of 1240-1230 and simultaneously buy 1250 September series CALL in the range of 55-65. Maximum loss could be 8000/9000 but this trade has unlimited profit potential.
Important: If due to gap up opening, if prices are not in the desired range then don't enter in to the trade.
Disclaimer: This blog does not take any responsibility of your profit/loss
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