Buy DLF 280 strike call at around Rs 4.8 advises Trivedi

Written By Unknown on Rabu, 06 Maret 2013 | 16.02

Mar 06, 2013, 02.18 PM IST

According to him, Amit Trivedi, Director of Fin Stream Financial Advisors, traders and investors can buy DLF Rs 280 strike calls at around Rs 4.8 and sell Rs 290 strike calls at Rs 3.

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Buy DLF 280 strike call at around Rs 4.8 advises Trivedi

According to him, Amit Trivedi, Director of Fin Stream Financial Advisors, traders and investors can buy DLF Rs 280 strike calls at around Rs 4.8 and sell Rs 290 strike calls at Rs 3.

Like this story, share it with millions of investors on M3

Buy DLF 280 strike call at around Rs 4.8 advises Trivedi

According to him, Amit Trivedi, Director of Fin Stream Financial Advisors, traders and investors can buy DLF Rs 280 strike calls at around Rs 4.8 and sell Rs 290 strike calls at Rs 3.

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According to him, Amit Trivedi, Director of Fin Stream Financial Advisors, traders and investors can buy DLF Rs 280 strike calls at around Rs 4.8 and sell Rs 290 strike calls at Rs 3.

Trivedi told CNBC-TV18, "What is happening is given that Nifty volumes are at around 12 percent, you have individual stock option volumes at a much higher level. DLF is at around 45 percent, so we have a strategy there. The company has a board meeting today to discuss the sell proceeds part of it. DLF has moved in the band between Rs 250 at the lower end and Rs 280 on the higher side."

"So, we think traders and investors can buy Rs 280 strike calls at around Rs 4.8 and sell Rs 290 strike calls at Rs 3. There is an initial cash inflow of Rs 1.20 in this trade, which translates to Rs 1,200. You will start taking losses if DLF moves beyond Rs 300, which is approximately 18 percent from current prices of Rs 255-260. Your maximum profit will be if DLF goes to around Rs 290, which is Rs 10. Even if DLF remains here you make at least Rs 1.20 in this particular strategy," Trivedi added.


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highlights

  • No case to revise direct tax rates, slabs
  • Super rich tax: 10% surcharge on income above Rs 1 cr
  • Modified provisions under GAAR effective April 1, 2016
  • No change in standard rate of excise duty, service tax
more »

flashes

  • FM speaks to CNBC TV18
  • Budget Reaction: Fitch Says Policy Implementation To Be Key Driver Of India Rating
  • Budget Reaction: Fitch Says Believe Policy Execution Will Be Challenging
  • Budget Reaction: Fitch Says Public Finances Vulnerable To Further Growth Slowdown
more »

InterpretationS

  • GAAR-Presumes tax benefit unless proved contrary
  • MFs covered for deductions u/s 80CCG
  • Excise duty increased on mobile phones of Retail Sale Price (RSP) more than Rs 2000
  • ED on readymade garments exempted: positive textile sector
more »

SECTOR IMPACT

Select Sector to see impact

  • Auto - Cars & Jeeps
  • Auto - LCVs/HCVs
  • Banks - Private Sector
  • Banks - Public Sector
  • Cigarettes
  • Computers - Hardware
  • Computers - Software - Training
  • Construction and Contracting - Real Estate
  • Electricals
  • Engineering - Heavy
  • Finance - General
  • Finance - Investments
  • Infrastructure - General
  • Leather Products
  • Media & Entertainment
  • Mining/Minerals
  • Miscellaneous
  • Personal Care
  • Pesticides/Agro Chemicals
  • Power - Generation/Distribution
  • Refineries
  • Shipping
  • Sugar
  • Textiles - Denim
  • Textiles - General

Textiles - General

18:52 pm

Exice Duty on readymade garments exempted +ve for textile sector

TAX AND YOU

Salaried Person

REACTIONS

reaction on: Policy

Naina Lal Kidwai

Country Head | HSBC India

reaction on: Business

NK Jain

Vice-chairman | JSW Energy

reaction on: Markets

Mukesh Kumar

Head - Strategic Planning | HDFC ERGO General Insurance

reaction on: SME

Snehdeep Aggarwal

Founder & Chairman | Bhartiya International

reaction on: Policy

Sanjay Sanghvi

Partner | Khaitan & Co

What got Cheaper / costlier?

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