RARE  OPTIONS  STRATEGY
      20 APR 2019
THE STRATEGY - CCC101
   Qty.    Price          Credit        Debit
1     27 DEC  2018   8000 Call Sell 75 2701.00 202575.00
2     31 MAY  2018 10900 Call Buy 75 52.10 3907.5
3     31 MAY  2018  10000 Put Sell 75 40.05 3003.75
4     28 JUN   2018  11000 Put Sell 75 444.00 33300.00
       --------------     -----------
Total 238878.75 3907.50
Net credit received 234971.25 234982.50
Do not enter into trades if the net credit likely to be received is less than  Rupees : 235000.00 232621.54
The NSE's total (SPAN+MTM) margin requirement for this combination of 4 trades is about
Rs.400000.00 but since we have received a credit of Approx. Rs.235000 the net investment
is only Rs.165000.00.
By 26 APR 2018  (April expiry day)  the minimum profit is likely to be Rs.3500 if the Nifty
April future remains between 9900 and 10600
Notes : Minor adjustments are required a few days before March expiry or earlier if the Nifty April
Future tends to drop below 9900 or rise above 10400.  Exact details will be available on this
page when required.
Rates given above are previous day's closing rates. Traders should check the current rates
and calculate the total credit likely to be received before entering into the 1st Trade.
Multiples/Sub multiples of the above strategies  (Keeping the ratio of various legs same) can be
used till the net credit received is also proportional. After certain quantity you may notice that
some of the legs become illiquid or the credit received is not proportional. Trades should be
executed only if you continue to receive proportional credit. Normally there should be no
difficulty in receiving proportional credit till you reach margin levels of Rs.5 Crore to Rs.10 Crore.
The strategies as well as consultations regarding the same are available absolutely free of cost
to everybody.  For consultations please contact after NSE Trading hours only.
Suggestions to improve upon the above strategies are most welcomed from anyone.
Payment  of Margins can be paid either through pledge of shares already held by the Trader or through a
Margins cheque.  IF margin is paid by cheque the broking firm should be asked to make a Bank F.D.
for the entire amount.  This will give an additional pre-tax income of 7 % or so. This is very
important.