RARE  OPTIONS  STRATEGY
 21 JULY 2017
THE STRATEGY - CCC101
   Qty.    Price          Credit        Debit
1     30 DEC  2017  6000 Call Sell 75 3935.00 295125.00
2     31 SEP  2017 10000 Call Buy 75 157.10 11782.5
3     30 DEC  2017 10000 Put Sell 75 274.00 20550.00
4     27 JUL   2017 9900  Put Sell 75 57.35 4301.25
5     27 JUL   2017  9700  Put Buy 75 10.30 772.5
       --------------     -----------
Total 319976.25 12555.00
Net credit received 307421.25 307421.25
Do not enter into trades if the net credit likely to be received is less than  Rupees : 307000.00 304347.04
The NSE's total (SPAN+MTM) margin requirement for this combination of 5 trades is about
Rs.446000.00 but since we have received a credit of Approx. Rs.307000 the net investment
is only Rs.139000.00.
By 27 July 2017  (July expiry day)  the minimum profit is likely to be Rs.3000 if the Nifty
June future remains Between 6000 and 10000
THE STRATEGY - CCC102
   Qty.    Price          Credit        Debit
1     30 DEC  2017  6000 Call Sell 75 3935.00 295125.00
2     31 SEP  2017 10000 Call Buy 75 157.10 11782.5
3     30 DEC  2017 10000 Put Sell 75 274.00 20550.00
4     31 AUG  2017 10000 Put Sell 75 170.50 12787.50
5     31 AUG  2017  9700 Put Buy 75 64.00 4800
       --------------     -----------
Total 328462.50 16582.50
Net credit received 311880.00 311880.00
Do not enter into trades if the net credit likely to be received is less than  Rupees : 311000.00 308761.20
The NSE's total (SPAN+MTM) margin requirement for this combination of 5 trades is about
Rs.450000.00 but since we have received a credit of Approx. Rs.311000 the net investment
is only Rs.139000.00.
By 27 July 2017  (July expiry day)  the minimum profit is likely to be Rs.3000 if the Nifty
June future remains Between 6000 and 10000
Notes : Minor adjustments are required a few days before July expiry or earlier if the Nifty July
Future tends to drop below 9000 or rise above 9800.  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.