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Date

LTP(
Call)

NIfty
LTP(Put) Price

change gain

avg
gain

loss

28-Feb-14

163 6276.95

3-Mar-14

508

157 6221.45

508

508

4-Mar-14

600

122 6297.95

92

92

5-Mar-14

610.3

109 6328.65

10.3

10.3

6-Mar-14

675

98 6401.15

64.7

64.7

7-Mar-14

761.15

80.5 6526.65

86.15 86.15

10-Mar-14

761.15

82.05 6537.25

11-Mar-14

765

83

12-Mar-14

766.4

13-Mar-14

avg
loss

RS

RSI

SELL
SIGNAL

6511.9

3.85

3.85

80

6516.9

1.4

1.4

800

92

6493.1

33.6

33.6

14-Mar-14

722.7

87.05

6504.2

-77.3

77.3

18-Mar-14

722.7

84 6516.65

19-Mar-14

810

77.25 6524.05

87.3

87.3

20-Mar-14

745

78.1

6483.1

-65

65

21-Mar-14

765

79.1

6493.2

20

20

64.81

10.16 6.38 86.44 BULLISH

22-Mar-14

765

78

6494.9

60.18

9.44 6.38 86.44 BULLISH

24-Mar-14

830

65.15

6583.5

65

65

60.52

8.76 6.91 87.35 BULLISH

25-Mar-14

831.1

62.5 6589.75

1.1

1.1

56.28

8.14 6.92 87.37 BULLISH

26-Mar-14

846

6601.4

14.9

14.9

53.32

7.56 7.06 87.59 BULLISH

27-Mar-14

837.45

53 6641.75

-8.55

8.55

49.51

7.63 6.49 86.65 BULLISH

28-Mar-14

869.4

49.5

6695.9

31.95 31.95

48.26

7.08 6.81 87.20 BULLISH

31-Mar-14

900

49.15

6704.2

30.6

30.6

47.00

6.58 7.15 87.72 BULLISH

1-Apr-14

890

41 6721.05

-10

10

43.64

6.82 6.40 86.48 BULLISH

2-Apr-14

920.6

41.25 6752.55

30.6

30.6

42.71

6.33 6.74 87.08 BULLISH

3-Apr-14

925

6736.1

4.4

4.4

39.97

5.88 6.80 87.17 BULLISH

4-Apr-14

925

46 6694.35

37.12

5.46 6.80 87.17 BULLISH

7-Apr-14

885

42.85 6695.05

-40

40

34.47

7.93 4.35 81.30 BULLISH

9-Apr-14

1000

35.55

6796.2

115

115

40.22

7.36 5.46 84.53 BULLISH

10-Apr-14

1010

42

6796.4

10

10

38.06

6.84 5.57 84.77 BULLISH

11-Apr-14

963.8

44.95

6776.3

-46.2

46.2

35.34

9.65 3.66 78.55 BULLISH

15-Apr-14

935

46

6733.1

-28.8

28.8

32.82

11.02 2.98 74.87 BULLISH

16-Apr-14

885.05

44.25

6675.3

-49.95

0 49.95

30.47

13.80 2.21 68.83

17-Apr-14

959.7

36

6779.4

33.63

12.81 2.62 72.41 BULLISH

21-Apr-14

984.1

30.1 6817.65

24.4

24.4

32.97

11.90 2.77 73.48 BULLISH

22-Apr-14

985.55

27.5 6815.35

1.45

1.45

30.72

11.05 2.78 73.55 BULLISH

19.8

6840.8

22.1

22.1

30.10

10.26 2.93 74.58 BULLISH

0 83.45

27.95

15.49 1.81 64.35

26.91

14.38 1.87 65.18

23-Apr-14 1007.65

62

42.4

74.65 74.65

25-Apr-14

924.2

19.15 6782.75

-83.45

28-Apr-14

937.6

20.1 6761.25

13.4

29-Apr-14

870.75

19.8 6715.25

-66.85

0 66.85

24.99

18.13 1.38 57.96

30-Apr-14

852.2

19.55

6696.4

-18.55

0 18.55

23.21

18.16 1.28 56.10

2-May-14

839.45

27.4

6694.8

-12.75

0 12.75

21.55

17.77 1.21 54.80

13.4

BU
SIG

5-May-14

850

6-May-14

853.1

7-May-14

26.75 6699.35
22.05

10.55 10.55

20.76

16.50 1.26 55.72

19.50

15.32 1.27 56.00

0 52.65

18.11

17.99 1.01 50.16

2.45

16.81

16.88 1.00 49.90

6858.8

211.1 211.1

30.69

15.67 1.96 66.20

150.9 150.9

39.28

14.55 2.70 72.96 BULLISH

6715.3

3.1

800.45

28.1 6652.55

-52.65

8-May-14

798

29 6659.85

-2.45

9-May-14

1009.1

12-May-14

1160

22.3 7014.25

13-May-14

1235

11.1 7108.75

75

75

41.83

13.51 3.10 75.58 BULLISH

14-May-14 1233.85

9.6 7108.75

-1.15

1.15

38.84

12.63 3.08 75.46 BULLISH

23.05 23.05

37.71

11.73 3.22 76.28 BULLISH

143.1 143.1

45.24

10.89 4.15 80.60 BULLISH

23.05

15-May-14

1256.9

18.5 7123.15

16-May-14

1400

19-May-14

1375.9

1.35 7263.55

20-May-14

1408.1

1.35

21-May-14

1372.8

22-May-14

7203

3.1

-24.1

24.1

42.01

11.83 3.55 78.02 BULLISH

7275.5

32.2

32.2

41.31

10.99 3.76 78.99 BULLISH

7252.9

-35.3

35.3

38.36

12.73 3.01 75.09 BULLISH

1377

0.8

7276.4

4.2

4.2

35.92

11.82 3.04 75.24 BULLISH

23-May-14

1476.5

1.05

7367.1

99.5

99.5

40.46

10.97 3.69 78.67 BULLISH

26-May-14

1451.7

0.85 7359.05

-24.8

24.8

37.57

11.96 3.14 75.85 BULLISH

0 32.75

34.89

13.45 2.59 72.18 BULLISH

32.56

12.49 2.61 72.28 BULLISH

0 82.95

30.24

17.52 1.73 63.32

27-May-14 1418.95

0.4

7318

-32.75

28-May-14

1421.3

0.1 7329.65

2.35

29-May-14 1338.35

0.05 7235.65

-82.95

2.35

Interpretation:
The Relative Strength Index (RSI) is the widely-used momentum oscillator measures the strength and
speed of a market's price movement by comparing the current price of the security against its past
performance. The RSI can be used to identify overbought and oversold areas, support and resistance
levels, and potential entry and exit signals along with the trend. The RSI indicator is shown on a scale of
0 to 100, with levels marked at 70 and 30, and a mid-line at 50. Wilder recommended a calculation based
on a 14 day period, but this can be adjusted to change the sensitivity of the indicator.

Analysis
From the above table the data is analyzed for the period of 2 months and it is clear that the trend is
strongly Bullish which indicates the trending market. Here the investor can make use of various option
strategies with the objective of maximizing the profit.

Option Strategies
1. Naked Call
Date

LTP

LTP

(S-E)-P

28-Feb-14

163

3-Mar-14

508

157

4-Mar-14

600

122

5-Mar-14

610.3

109

6-Mar-14

675

98

7-Mar-14

761.15

80.5

10-Mar-14

761.15

82.05

11-Mar-14

765

83

12-Mar-14

766.4

80

13-Mar-14

800

92

14-Mar-14

722.7

87.05

18-Mar-14

722.7

84

19-Mar-14

810

77.25

20-Mar-14

745

78.1

21-Mar-14

765

79.1

-171.8

38250

22-Mar-14

765

78

-170.1

35365

24-Mar-14

830

65.15

-81.5

41750

25-Mar-14

831.1

62.5

-75.25

41702.5

26-Mar-14

846

62

-63.6

42322.5

27-Mar-14

837.45

53

-23.25

41862.5

28-Mar-14

869.4

49.5

30.9

43470

31-Mar-14

900

49.15

39.2

44875

1-Apr-14

890

41

56.05

44500

2-Apr-14

920.6

41.25

87.55

46030

3-Apr-14

925

42.4

71.1

46125

4-Apr-14

925

46

29.35

43887.5

7-Apr-14

885

42.85

30.05

44250

9-Apr-14

1000

35.55

131.2

49625

10-Apr-14

1010

42

131.4

50500

11-Apr-14

963.8

44.95

111.3

48190

15-Apr-14

935

46

68.1

46750

16-Apr-14

885.05

44.25

10.3

44252.5

17-Apr-14

959.7

36

114.4

48102.5

21-Apr-14

984.1

30.1

152.65

49652.5

22-Apr-14

985.55

27.5

150.35

49260

23-Apr-14

1007.65

19.8

175.8

50040

25-Apr-14

924.2

19.15

117.75

46210

28-Apr-14

937.6

20.1

96.25

46880

29-Apr-14

870.75

19.8

50.25

43607.5

30-Apr-14

852.2

19.55

31.4

41645

2-May-14

839.45

27.4

29.8

41982.5

5-May-14

850

26.75

34.35

42527.5

6-May-14

853.1

22.05

50.3

42517.5

7-May-14

800.45

28.1

-12.45

40010

8-May-14

798

29

-5.15

39812.5

9-May-14

1009.1

23.05

193.8

50472.5

12-May-14

1160

22.3

349.25

57760

13-May-14

1235

11.1

443.75

61750

14-May-14

1233.85

9.6

443.75

61692.5

15-May-14

1256.9

18.5

458.15

62870

16-May-14

1400

538

70000

19-May-14

1375.9

1.35

598.55

68832.5

20-May-14

1408.1

1.35

610.5

70405

21-May-14

1372.8

587.9

68640

22-May-14

1377

0.8

611.4

68850

23-May-14

1476.5

1.05

702.1

73642.5

26-May-14

1451.7

0.85

694.05

72585

27-May-14

1418.95

0.4

653

70947.5

28-May-14

1421.3

0.1

664.65

71087.5

29-May-14

1338.35

0.05

570.65

Interpretation:
The payoff for naked call is tabulated here aggressive investors who are very bullish about the prospects
for a stock / index, buying calls can be an excellent way to capture the upside potential with limited
downside risk.

Analysis:
Buying a call is an easy strategy to understand. When you buy it means you are bullish. Buying a
Call means you are very bullish and expect the underlying stock / index to rise in future. The call
option buyer is able to gain leverage since the lower priced calls appreciate in value faster
percentagewise for every point rise in the price of the underlying stock However, call options have
a limited lifespan. If the underlying stock price does not move above the strike price before the
option expiration date, the call option will expire worthless. Since they can be no limit as to how
high the stock price can be at expiration date, there is no limit to the maximum profit possible
when implementing the long call option strategy.

Maximum Profit = Unlimited


Profit Achieved When Price of Underlying >= Strike Price of Long Call + Premium Paid
Profit = Price of Underlying - Strike Price of Long Call - Premium Paid
Max Loss = Premium Paid + Commissions Paid
Max Loss Occurs When Price of Underlying <= Strike Price of Long Call
Breakeven Point = Strike Price of Long Call + Premium Paid

SHORT CALL

Date
LTP
28-Feb14

Stock
price

LTP

Short call
(E-S)+P

Payoff

163

6276.95

3-Mar-14

508

157

6221.45

4-Mar-14

600

122

6297.95

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

6493.2

171.8

38250

765

78

6494.9

170.1

35365

830

65.15

6583.5

81.5

41750

831.1

62.5

6589.75

75.25 41702.5

846

62

6601.4

63.6 42322.5

837.45

53

6641.75

23.25 41862.5

869.4

49.5

6695.9

-30.9

43470

900

49.15

6704.2

-39.2

44875

1-Apr-14

890

41

6721.05

-56.05

44500

2-Apr-14

920.6

41.25

6752.55

-87.55

46030

3-Apr-14

925

42.4

6736.1

-71.1

46125

4-Apr-14

925

46

6694.35

-29.35 43887.5

7-Apr-14

885

42.85

6695.05

-30.05

44250

9-Apr-14

1000

35.55

6796.2

-131.2

49625

10-Apr14
11-Apr14
15-Apr14
16-Apr14
17-Apr14
21-Apr14
22-Apr14
23-Apr14
25-Apr14
28-Apr14
29-Apr14
30-Apr14
2-May14
5-May14
6-May14
7-May14
8-May14
9-May14
12-May14
13-May14
14-May14
15-May14
16-May14
19-May14
20-May14
21-May14

1010

42

6796.4

-131.4

50500

963.8

44.95

6776.3

-111.3

48190

935

46

6733.1

-68.1

46750

885.05

44.25

6675.3

-10.3 44252.5

959.7

36

6779.4

-114.4 48102.5

984.1

30.1

6817.65

-152.65 49652.5

985.55

27.5

6815.35

-150.35

49260

1007.65

19.8

6840.8

-175.8

50040

924.2

19.15

6782.75

-117.75

46210

937.6

20.1

6761.25

-96.25

46880

870.75

19.8

6715.25

-50.25 43607.5

852.2

19.55

6696.4

-31.4

839.45

27.4

6694.8

-29.8 41982.5

850

26.75

6699.35

-34.35 42527.5

853.1

22.05

6715.3

-50.3 42517.5

800.45

28.1

6652.55

798

29

6659.85

5.15 39812.5

1009.1

23.05

6858.8

-193.8 50472.5

1160

22.3

7014.25

-349.25

57760

1235

11.1

7108.75

-443.75

61750

1233.85

9.6

7108.75

-443.75 61692.5

1256.9

18.5

7123.15

-458.15

62870

1400

7203

-538

70000

1375.9

1.35

7263.55

1408.1

1.35

7275.5

-610.5

70405

1372.8

7252.9

-587.9

68640

12.45

41645

40010

-598.55 68832.5

22-May14
23-May14
26-May14
27-May14
28-May14
29-May14

1377

0.8

7276.4

-611.4

1476.5

1.05

7367.1

-702.1 73642.5

1451.7

0.85

7359.05

1418.95

0.4

7318

-653 70947.5

1421.3

0.1

7329.65

-664.65 71087.5

1338.35

0.05

7235.65

-570.65

-694.05

68850

72585

Interpretation:
This strategy has a low profit potential if the stock remains below strike A at expiration, but unlimited
potential risk if the stock goes up. Here the investor has the obligation to sell if the contract is excuted.

The call option buyer is able to gain leverage since the lower priced calls appreciate
in value faster percentagewise for every point rise in the price of the underlying
stock However, call options have a limited lifespan. If the underlying stock price
does not move above the strike price before the option expiration date, the call
option will expire worthless. Since they can be no limit as to how high the stock
price can be at expiration date, there is no limit to the maximum profit possible
when implementing the long call option strategy.

Maximum Profit = Premium received


Profit Achieved When Price of Underlying <= Strike Price of Long Call Premium Paid
Profit = Price of Underlying - Strike Price of Long Call+Premium Paid
Max Loss = Unlimited
Max Loss Occurs When Price of Underlying >= Strike Price of Long Call

Breakeven Point = Strike Price of Long Call - Premium Paid

Covered Call

Date
LTP
28-Feb14

Stock
price

LTP
0

163

Short
6276.95 stock

3-Mar-14

508

157

6221.45

4-Mar-14

600

122

6297.95

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

Covered call
Long
call
payoff

20-Mar14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

745

78.1

6483.1

765

79.1

6493.2

-171.8

171.8

765

78

6494.9

-1.7

-170.1

168.4

830

65.15

6583.5

-90.3

-81.5

-8.8

831.1

62.5

6589.75

-96.55

-75.25

-21.3

846

62

6601.4

-108.2

-63.6

-44.6

837.45

53

6641.75

-148.55

-23.25

-125.3

869.4

49.5

6695.9

-202.7

30.9

-233.6

900

49.15

6704.2

-211

39.2

-250.2

1-Apr-14

890

41

6721.05

-227.85

56.05

-283.9

2-Apr-14

920.6

41.25

6752.55

-259.35

87.55

-346.9

3-Apr-14

925

42.4

6736.1

-242.9

71.1

-314

4-Apr-14

925

46

6694.35

-201.15

29.35

-230.5

7-Apr-14

885

42.85

6695.05

-201.85

30.05

-231.9

9-Apr-14
10-Apr14
11-Apr14
15-Apr14
16-Apr14
17-Apr14
21-Apr14
22-Apr14
23-Apr14
25-Apr14
28-Apr14
29-Apr14
30-Apr14
2-May14

1000

35.55

6796.2

-303

131.2

-434.2

1010

42

6796.4

-303.2

131.4

-434.6

963.8

44.95

6776.3

-283.1

111.3

-394.4

935

46

6733.1

-239.9

68.1

-308

885.05

44.25

6675.3

-182.1

10.3

-192.4

959.7

36

6779.4

-286.2

114.4

-400.6

984.1

30.1

6817.65

-324.45

152.65

-477.1

985.55

27.5

6815.35

-322.15

150.35

-472.5

1007.65

19.8

6840.8

-347.6

175.8

-523.4

924.2

19.15

6782.75

-289.55

117.75

-407.3

937.6

20.1

6761.25

-268.05

96.25

-364.3

870.75

19.8

6715.25

-222.05

50.25

-272.3

852.2

19.55

6696.4

-203.2

31.4

-234.6

839.45

27.4

6694.8

-201.6

29.8

-231.4

5-May14
6-May14
7-May14
8-May14
9-May14
12-May14
13-May14
14-May14
15-May14
16-May14
19-May14
20-May14
21-May14
22-May14
23-May14
26-May14
27-May14
28-May14
29-May14

850

26.75

6699.35

-206.15

34.35

-240.5

853.1

22.05

6715.3

-222.1

50.3

-272.4

800.45

28.1

6652.55

-159.35

-12.45

-146.9

798

29

6659.85

-166.65

-5.15

-161.5

1009.1

23.05

6858.8

-365.6

193.8

-559.4

1160

22.3

7014.25

-521.05

349.25

1235

11.1

7108.75

-615.55

443.75

1233.85

9.6

7108.75

-615.55

443.75

1256.9

18.5

7123.15

-629.95

458.15

1400

7203

-709.8

538

1375.9

1.35

7263.55

-770.35

598.55

1408.1

1.35

7275.5

-782.3

610.5

1372.8

7252.9

-759.7

587.9

1377

0.8

7276.4

-783.2

611.4

-870.3
1059.3
1059.3
1088.1
1247.8
1368.9
1392.8
1347.6
1394.6

1476.5

1.05

7367.1

-873.9

702.1

1451.7

0.85

7359.05

-865.85

694.05

1418.95

0.4

7318

-824.8

653

1421.3

0.1

7329.65

-836.45

664.65

1338.35

0.05

7235.65

-742.45

570.65

-1576
1559.9
1477.8
1501.1
1313.1

Protective Put

Date
LTP
28-Feb14

Stock
price

LTP
0

163

Protective put
Short
Short
6276.95 stock
put
payoff

3-Mar-14

508

157

6221.45

(S-E)+P

4-Mar-14

600

122

6297.95

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

6493.2

673.2

-673.2

765

78

6494.9

-1.7

674.9

-676.6

830

65.15

6583.5

-90.3

763.5

-853.8

831.1

62.5

6589.75

-96.55

769.75

-866.3

846

62

6601.4

-108.2

781.4

-889.6

837.45

53

6641.75

-148.55

821.75

869.4

49.5

6695.9

-202.7

875.9

900

49.15

6704.2

-211

884.2

1-Apr-14

890

41

6721.05

-227.85

901.05

2-Apr-14

920.6

41.25

6752.55

-259.35

932.55

-970.3
1078.6
1095.2
1128.9
1191.9

3-Apr-14

925

42.4

6736.1

-242.9

916.1

4-Apr-14

925

46

6694.35

-201.15

874.35

7-Apr-14

885

42.85

6695.05

-201.85

875.05

9-Apr-14
10-Apr14

1000

35.55

6796.2

-303

976.2

1010

42

6796.4

-303.2

976.4

-1159
1075.5
1076.9
1279.2
1279.6

11-Apr14
15-Apr14
16-Apr14
17-Apr14
21-Apr14
22-Apr14
23-Apr14
25-Apr14
28-Apr14
29-Apr14
30-Apr14
2-May14
5-May14
6-May14
7-May14
8-May14
9-May14
12-May14
13-May14
14-May14
15-May14
16-May14
19-May14
20-May14
21-May14
22-May14

963.8

44.95

6776.3

-283.1

956.3 1239.4

935

46

6733.1

-239.9

913.1

885.05

44.25

6675.3

-182.1

855.3

959.7

36

6779.4

-286.2

959.4

984.1

30.1

6817.65

-324.45

997.65

985.55

27.5

6815.35

-322.15

995.35

1007.65

19.8

6840.8

-347.6

1020.8

924.2

19.15

6782.75

-289.55

962.75

937.6

20.1

6761.25

-268.05

941.25

870.75

19.8

6715.25

-222.05

895.25

852.2

19.55

6696.4

-203.2

876.4

839.45

27.4

6694.8

-201.6

874.8

850

26.75

6699.35

-206.15

879.35

853.1

22.05

6715.3

-222.1

895.3

800.45

28.1

6652.55

-159.35

832.55

798

29

6659.85

-166.65

839.85

1009.1

23.05

6858.8

-365.6

1038.8

1160

22.3

7014.25

-521.05

1194.25

1235

11.1

7108.75

-615.55

1288.75

1233.85

9.6

7108.75

-615.55

1288.75

1256.9

18.5

7123.15

-629.95

1303.15

1400

7203

-709.8

1383

1375.9

1.35

7263.55

-770.35

1443.55

1408.1

1.35

7275.5

-782.3

1455.5

1372.8

7252.9

-759.7

1432.9

1377

0.8

7276.4

-783.2

1456.4

-1153
1037.4
1245.6
1322.1
1317.5
1368.4
1252.3
1209.3
1117.3
1079.6
1076.4
1085.5
1117.4
-991.9
1006.5
1404.4
1715.3
1904.3
1904.3
1933.1
2092.8
2213.9
2237.8
2192.6
2239.6

23-May14
26-May14
27-May14
28-May14
29-May14

1476.5

1.05

7367.1

-873.9

1547.1

1451.7

0.85

7359.05

-865.85

1539.05

1418.95

0.4

7318

-824.8

1498

1421.3

0.1

7329.65

-836.45

1509.65

1338.35

0.05

7235.65

-742.45

1415.65

-2421
2404.9
2322.8
2346.1
2158.1

Bull Spread with call option


Date
LTP
28-Feb14

Stock
price

LTP

Bull spread with call option

163

6276.95 Long call

short call

Payoff

3-Mar-14

508

157

6221.45 (S-E)-P

(E-S)+P

4-Mar-14

600

122

6297.95

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

6493.2

-171.8

106.8

-278.6

765

78

6494.9

-170.1

105.1

-275.2

24-Mar-

830

65.15

6583.5

-81.5

16.5

-98

14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

831.1

62.5

6589.75

-75.25

10.25

-85.5

846

62

6601.4

-63.6

-1.4

-62.2

837.45

53

6641.75

-23.25

-41.75

18.5

869.4

49.5

6695.9

30.9

-95.9

126.8

900

49.15

6704.2

39.2

-104.2

143.4

1-Apr-14

890

41

6721.05

56.05

-121.05

177.1

2-Apr-14

920.6

41.25

6752.55

87.55

-152.55

240.1

3-Apr-14

925

42.4

6736.1

71.1

-136.1

207.2

4-Apr-14

925

46

6694.35

29.35

-94.35

123.7

7-Apr-14

885

42.85

6695.05

30.05

-95.05

125.1

9-Apr-14
10-Apr14
11-Apr14
15-Apr14
16-Apr14
17-Apr14
21-Apr14
22-Apr14
23-Apr14
25-Apr14
28-Apr14
29-Apr14
30-Apr14
2-May14
5-May14
6-May14
7-May14

1000

35.55

6796.2

131.2

-196.2

327.4

1010

42

6796.4

131.4

-196.4

327.8

963.8

44.95

6776.3

111.3

-176.3

287.6

935

46

6733.1

68.1

-133.1

201.2

885.05

44.25

6675.3

10.3

-75.3

85.6

959.7

36

6779.4

114.4

-179.4

293.8

984.1

30.1

6817.65

152.65

-217.65

370.3

985.55

27.5

6815.35

150.35

-215.35

365.7

1007.65

19.8

6840.8

175.8

-240.8

416.6

924.2

19.15

6782.75

117.75

-182.75

300.5

937.6

20.1

6761.25

96.25

-161.25

257.5

870.75

19.8

6715.25

50.25

-115.25

165.5

852.2

19.55

6696.4

31.4

-96.4

127.8

839.45

27.4

6694.8

29.8

-94.8

124.6

850

26.75

6699.35

34.35

-99.35

133.7

853.1

22.05

6715.3

50.3

-115.3

165.6

800.45

28.1

6652.55

-12.45

-52.55

40.1

8-May-

798

29

6659.85

-5.15

-59.85

54.7

14
9-May14
12-May14
13-May14
14-May14
15-May14
16-May14
19-May14
20-May14
21-May14
22-May14
23-May14
26-May14
27-May14
28-May14
29-May14

1009.1

23.05

6858.8

193.8

-258.8

452.6

1160

22.3

7014.25

349.25

-414.25

763.5

1235

11.1

7108.75

443.75

-508.75

952.5

1233.85

9.6

7108.75

443.75

-508.75

952.5

1256.9

18.5

7123.15

458.15

-523.15

981.3

1400

7203

538

-603

1141

1375.9

1.35

7263.55

598.55

1408.1

1.35

7275.5

610.5

-675.5

1372.8

7252.9

587.9

-652.9 1240.8

1377

0.8

7276.4

611.4

-676.4 1287.8

1476.5

1.05

7367.1

702.1

-767.1 1469.2

1451.7

0.85

7359.05

694.05

-759.05 1453.1

1418.95

0.4

7318

653

1421.3

0.1

7329.65

664.65

-729.65 1394.3

1338.35

0.05

7235.65

570.65

-635.65 1206.3

-663.55 1262.1

-718

1286

1371

Bull Spread with Put option


Date
LTP
28-Feb14

Stock
price

LTP
0

163

Bull spread with put option


Long
short
6276.95 put
put
payoff

3-Mar-14

508

157

6221.45 (E-S)-P

4-Mar-14

600

122

6297.95

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

11-Mar-

765

83

6511.9

(S-E)+P

14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

6493.2

-683.2

673.2

765

78

6494.9

-684.9

674.9

830

65.15

6583.5

-773.5

763.5

831.1

62.5

6589.75

-779.75

769.75

846

62

6601.4

-791.4

781.4

837.45

53

6641.75

-831.75

821.75

869.4

49.5

6695.9

-885.9

875.9

900

49.15

6704.2

-894.2

884.2

1-Apr-14

890

41

6721.05

-911.05

901.05

2-Apr-14

920.6

41.25

6752.55

-942.55

932.55

3-Apr-14

925

42.4

6736.1

-926.1

916.1

4-Apr-14

925

46

6694.35

-884.35

874.35

7-Apr-14

885

42.85

6695.05

-885.05

875.05

9-Apr-14
10-Apr14
11-Apr14
15-Apr14
16-Apr14
17-Apr14

1000

35.55

6796.2

-986.2

976.2

1010

42

6796.4

-986.4

976.4

963.8

44.95

6776.3

-966.3

956.3

935

46

6733.1

-923.1

913.1

885.05

44.25

6675.3

-865.3

855.3

959.7

36

6779.4

-969.4

959.4

1356.4
1359.8
-1537
1549.5
1572.8
1653.5
1761.8
1778.4
1812.1
1875.1
1842.2
1758.7
1760.1
1962.4
1962.8
1922.6
1836.2
1720.6
1928.8

21-Apr14
22-Apr14
23-Apr14
25-Apr14
28-Apr14
29-Apr14
30-Apr14
2-May14
5-May14
6-May14
7-May14
8-May14
9-May14
12-May14
13-May14
14-May14
15-May14
16-May14
19-May14
20-May14
21-May14
22-May14
23-May14
26-May14
27-May14
28-May14

984.1

30.1

6817.65

985.55

27.5

6815.35

1007.65
1005.35

1007.65

19.8

6840.8

-1030.8

1020.8

924.2

19.15

6782.75

-972.75

962.75

937.6

20.1

6761.25

-951.25

941.25

870.75

19.8

6715.25

-905.25

895.25

852.2

19.55

6696.4

-886.4

876.4

839.45

27.4

6694.8

-884.8

874.8

850

26.75

6699.35

-889.35

879.35

853.1

22.05

6715.3

-905.3

895.3

800.45

28.1

6652.55

-842.55

832.55

798

29

6659.85

-849.85

839.85

1009.1

23.05

6858.8

1038.8

1160

22.3

7014.25

1235

11.1

7108.75

1233.85

9.6

7108.75

1256.9

18.5

7123.15

-1048.8
1204.25
1298.75
1298.75
1313.15

1400

7203

1375.9

1.35

1408.1

997.65
995.35

1194.25
1288.75
1288.75
1303.15

7263.55

-1393
1453.55

1443.55

1.35

7275.5

-1465.5

1455.5

1372.8

7252.9

-1442.9

1432.9

1377

0.8

7276.4

-1466.4

1456.4

1476.5

1.05

7367.1

1547.1

1451.7

0.85

7359.05

-1557.1
1549.05

1418.95

0.4

7318

1421.3

0.1

7329.65

-1508
1519.65

1383

1539.05
1498
1509.65

2005.3
2000.7
2051.6
1935.5
1892.5
1800.5
1762.8
1759.6
1768.7
1800.6
1675.1
1689.7
2087.6
2398.5
2587.5
2587.5
2616.3
-2776
2897.1
-2921
2875.8
2922.8
3104.2
3088.1
-3006
3029.3

29-May14

1338.35

0.05

7235.65

1425.65

1415.65

2841.3

Bear Spread with Call Option


Date
LTP
28-Feb14

Stock
price

LTP

Bear spread with call option

163

6276.95 long call

Short call

payoff

3-Mar-14

508

157

6221.45 (S-E)-P

(E-S)+P

4-Mar-14

600

122

6297.95

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

6493.2

-106.8

171.8

-278.6

765

78

6494.9

-105.1

170.1

-275.2

830

65.15

6583.5

-16.5

81.5

-98

831.1

62.5

6589.75

-10.25

75.25

-85.5

846

62

6601.4

1.4

63.6

-62.2

837.45

53

6641.75

41.75

23.25

18.5

869.4

49.5

6695.9

95.9

-30.9

126.8

900

49.15

6704.2

104.2

-39.2

143.4

1-Apr-14

890

41

6721.05

121.05

-56.05

177.1

2-Apr-14

920.6

41.25

6752.55

152.55

-87.55

240.1

3-Apr-14

925

42.4

6736.1

136.1

-71.1

207.2

4-Apr-14

925

46

6694.35

94.35

-29.35

123.7

7-Apr-14

885

42.85

6695.05

95.05

-30.05

125.1

9-Apr-14
10-Apr14
11-Apr14
15-Apr14
16-Apr14
17-Apr14
21-Apr14
22-Apr14
23-Apr14
25-Apr14
28-Apr14
29-Apr14
30-Apr14
2-May14
5-May14
6-May14
7-May14
8-May14
9-May14
12-May14
13-May14
14-May14
15-May14

1000

35.55

6796.2

196.2

-131.2

327.4

1010

42

6796.4

196.4

-131.4

327.8

963.8

44.95

6776.3

176.3

-111.3

287.6

935

46

6733.1

133.1

-68.1

201.2

885.05

44.25

6675.3

75.3

-10.3

85.6

959.7

36

6779.4

179.4

-114.4

293.8

984.1

30.1

6817.65

217.65

-152.65

370.3

985.55

27.5

6815.35

215.35

-150.35

365.7

1007.65

19.8

6840.8

240.8

-175.8

416.6

924.2

19.15

6782.75

182.75

-117.75

300.5

937.6

20.1

6761.25

161.25

-96.25

257.5

870.75

19.8

6715.25

115.25

-50.25

165.5

852.2

19.55

6696.4

96.4

-31.4

127.8

839.45

27.4

6694.8

94.8

-29.8

124.6

850

26.75

6699.35

99.35

-34.35

133.7

853.1

22.05

6715.3

115.3

-50.3

165.6

800.45

28.1

6652.55

52.55

12.45

40.1

798

29

6659.85

59.85

5.15

54.7

1009.1

23.05

6858.8

258.8

-193.8

452.6

1160

22.3

7014.25

414.25

-349.25

763.5

1235

11.1

7108.75

508.75

-443.75

952.5

1233.85

9.6

7108.75

508.75

-443.75

952.5

1256.9

18.5

7123.15

523.15

-458.15

981.3

16-May14
19-May14
20-May14
21-May14
22-May14
23-May14
26-May14
27-May14
28-May14
29-May14

1400

7203

603

-538

1141

1375.9

1.35

7263.55

663.55

1408.1

1.35

7275.5

675.5

-610.5

1372.8

7252.9

652.9

-587.9 1240.8

1377

0.8

7276.4

676.4

-611.4 1287.8

1476.5

1.05

7367.1

767.1

-702.1 1469.2

1451.7

0.85

7359.05

759.05

-694.05 1453.1

1418.95

0.4

7318

718

1421.3

0.1

7329.65

729.65

-664.65 1394.3

1338.35

0.05

7235.65

635.65

-570.65 1206.3

-598.55 1262.1

-653

1286

1371

Bear Spread with put option


Date
LTP
28-Feb14

Stock
price

LTP
0

163

Bear spread with put option


Long
Short
6276.95 put
put
payoff

3-Mar-14

508

157

6221.45 (E-S)-P

4-Mar-14

600

122

6297.95

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

20-Mar-

745

78.1

6483.1

(S-E)+P

14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

765

79.1

6493.2

-673.2

683.2

765

78

6494.9

-674.9

684.9

830

65.15

6583.5

-763.5

773.5

831.1

62.5

6589.75

-769.75

779.75

846

62

6601.4

-781.4

791.4

837.45

53

6641.75

-821.75

831.75

869.4

49.5

6695.9

-875.9

885.9

900

49.15

6704.2

-884.2

894.2

1-Apr-14

890

41

6721.05

-901.05

911.05

2-Apr-14

920.6

41.25

6752.55

-932.55

942.55

3-Apr-14

925

42.4

6736.1

-916.1

926.1

4-Apr-14

925

46

6694.35

-874.35

884.35

7-Apr-14

885

42.85

6695.05

-875.05

885.05

9-Apr-14
10-Apr14
11-Apr14
15-Apr14
16-Apr14
17-Apr14
21-Apr14
22-Apr14
23-Apr14
25-Apr14
28-Apr14
29-Apr14

1000

35.55

6796.2

-976.2

986.2

1010

42

6796.4

-976.4

986.4

963.8

44.95

6776.3

-956.3

966.3

935

46

6733.1

-913.1

923.1

885.05

44.25

6675.3

-855.3

865.3

959.7

36

6779.4

-959.4

969.4

984.1

30.1

6817.65

-997.65

1007.65

985.55

27.5

6815.35

-995.35

1005.35

1007.65

19.8

6840.8

-1020.8

1030.8

924.2

19.15

6782.75

-962.75

972.75

937.6

20.1

6761.25

-941.25

951.25

870.75

19.8

6715.25

-895.25

905.25

1356.4
1359.8
-1537
1549.5
1572.8
1653.5
1761.8
1778.4
1812.1
1875.1
1842.2
1758.7
1760.1
1962.4
1962.8
1922.6
1836.2
1720.6
1928.8
2005.3
2000.7
2051.6
1935.5
1892.5
1800.5

30-Apr14
2-May14
5-May14
6-May14
7-May14
8-May14
9-May14
12-May14
13-May14
14-May14
15-May14
16-May14
19-May14
20-May14
21-May14
22-May14
23-May14
26-May14
27-May14
28-May14
29-May14

852.2

19.55

6696.4

-876.4

886.4

839.45

27.4

6694.8

-874.8

884.8

850

26.75

6699.35

-879.35

889.35

853.1

22.05

6715.3

-895.3

905.3

800.45

28.1

6652.55

-832.55

842.55

798

29

6659.85

-839.85

849.85

1009.1

23.05

6858.8

1048.8

1160

22.3

7014.25

1235

11.1

7108.75

1233.85

9.6

7108.75

1256.9

18.5

7123.15

-1038.8
1194.25
1288.75
1288.75
1303.15

1400

7203

1375.9

1.35

1408.1

1204.25
1298.75
1298.75
1313.15

7263.55

-1383
1443.55

1453.55

1.35

7275.5

-1455.5

1465.5

1372.8

7252.9

-1432.9

1442.9

1377

0.8

7276.4

-1456.4

1466.4

1476.5

1.05

7367.1

1557.1

1451.7

0.85

7359.05

-1547.1
1539.05

1418.95

0.4

7318

1421.3

0.1

7329.65

1338.35

0.05

7235.65

-1498
1509.65
1415.65

1393

1549.05
1508
1519.65
1425.65

1762.8
1759.6
1768.7
1800.6
1675.1
1689.7
2087.6
2398.5
2587.5
2587.5
2616.3
-2776
2897.1
-2921
2875.8
2922.8
3104.2
3088.1
-3006
3029.3
2841.3

Butterfly spread with call option


Date

LTP

LTP

Stock
price

Butterfly spread with call option

28-Feb14
3-Mar14
4-Mar14
5-Mar14
6-Mar14
7-Mar14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

163

long call
6276.95 (E1)

long call
(E3)

Short call
(E2)

Short call
(E2)

508

157

6221.45 (S-E)-P

(S-E)-P

(E-S)+P

(E-S)+P

600

122

6297.95

610.3

109

6328.65

675

98

6401.15

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

6493.2

-106.8

-171.8

139.3

139.3

-213.6

765

78

6494.9

-105.1

-170.1

137.6

137.6

-210.2

830

65.15

6583.5

-16.5

-81.5

49

49

-33

831.1

62.5

6589.75

-10.25

-75.25

42.75

42.75

-20.5

846

62

6601.4

1.4

-63.6

31.1

31.1

2.8

837.45

53

6641.75

41.75

-23.25

-9.25

-9.25

83.5

869.4

49.5

6695.9

95.9

30.9

-63.4

-63.4

191.8

900

49.15

6704.2

104.2

39.2

-71.7

-71.7

208.4

1-Apr-14

890

41

6721.05

121.05

56.05

-88.55

-88.55

242.1

2-Apr-14

920.6

41.25

6752.55

152.55

87.55

-120.05

-120.05

305.1

3-Apr-14

925

42.4

6736.1

136.1

71.1

-103.6

-103.6

272.2

4-Apr-14

925

46

6694.35

94.35

29.35

-61.85

-61.85

188.7

7-Apr-14

885

42.85

6695.05

95.05

30.05

-62.55

-62.55

190.1

9-Apr-14

1000

35.55

6796.2

196.2

131.2

-163.7

-163.7

392.4

payoff

10-Apr14
1010
11-Apr14
963.8
15-Apr14
935
16-Apr14 885.05
17-Apr14
959.7
21-Apr14
984.1
22-Apr14 985.55
23-Apr14 1007.65
25-Apr14
924.2
28-Apr14
937.6
29-Apr14 870.75
30-Apr14
852.2
2-May14 839.45
5-May14
850
6-May14
853.1
7-May14 800.45
8-May14
798
9-May14 1009.1
12-May14
1160
13-May14
1235
14-May14 1233.85
15-May14 1256.9
16-May14
1400
19-May14 1375.9
20-May14 1408.1
21-May14 1372.8

42

6796.4

196.4

131.4

-163.9

-163.9

392.8

44.95

6776.3

176.3

111.3

-143.8

-143.8

352.6

46

6733.1

133.1

68.1

-100.6

-100.6

266.2

44.25

6675.3

75.3

10.3

-42.8

-42.8

150.6

36

6779.4

179.4

114.4

-146.9

-146.9

358.8

30.1

6817.65

217.65

152.65

-185.15

-185.15

435.3

27.5

6815.35

215.35

150.35

-182.85

-182.85

430.7

19.8

6840.8

240.8

175.8

-208.3

-208.3

481.6

19.15

6782.75

182.75

117.75

-150.25

-150.25

365.5

20.1

6761.25

161.25

96.25

-128.75

-128.75

322.5

19.8

6715.25

115.25

50.25

-82.75

-82.75

230.5

19.55

6696.4

96.4

31.4

-63.9

-63.9

192.8

27.4

6694.8

94.8

29.8

-62.3

-62.3

189.6

26.75

6699.35

99.35

34.35

-66.85

-66.85

198.7

22.05

6715.3

115.3

50.3

-82.8

-82.8

230.6

28.1

6652.55

52.55

-12.45

-20.05

-20.05

105.1

29

6659.85

59.85

-5.15

-27.35

-27.35

119.7

23.05

6858.8

258.8

193.8

-226.3

-226.3

517.6

22.3

7014.25

414.25

349.25

-381.75

-381.75

828.5

11.1

7108.75

508.75

443.75

-476.25

-476.25 1017.5

9.6

7108.75

508.75

443.75

-476.25

-476.25 1017.5

18.5

7123.15

523.15

458.15

-490.65

-490.65 1046.3

7203

603

538

-570.5

1.35

7263.55

663.55

598.55

-631.05

1.35

7275.5

675.5

610.5

-643

7252.9

652.9

587.9

-620.4

-570.5

1206

-631.05 1327.1
-643

1351

-620.4 1305.8

22-May14
1377
23-May14 1476.5
26-May14 1451.7
27-May14 1418.95
28-May14 1421.3
29-May14 1338.35

0.8

7276.4

676.4

611.4

-643.9

-643.9 1352.8

1.05

7367.1

767.1

702.1

-734.6

-734.6 1534.2

0.85

7359.05

759.05

694.05

-726.55

-726.55 1518.1

0.4

7318

718

653

-685.5

0.1

7329.65

729.65

664.65

-697.15

-697.15 1459.3

0.05

7235.65

635.65

570.65

-603.15

-603.15 1271.3

-685.5

1436

Butterfly spread with put option

Date
LTP Call
28-Feb14
0

LTP
Put

Stock
price

163

Long put
6276.95 (E1)

Butterfly Spread with put option


long put
Short put
Short put
(E3)
(E2)
(E2)
(E-S)-P

3-Mar-14

508

157

6221.45 (E-S)-P

(S-E)+P

4-Mar-14

600

122

6297.95

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

6493.2

-683.2

-673.2

678.2

765

78

6494.9

-684.9

-674.9

679.9

Payoff

(S-E)+P

678.2 1366.4
679.9 1369.8

24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

830

65.15

6583.5

-773.5

-763.5

768.5

768.5

831.1

62.5

6589.75

-779.75

-769.75

774.75

774.75

846

62

6601.4

-791.4

-781.4

786.4

786.4

837.45

53

6641.75

-831.75

-821.75

826.75

826.75

869.4

49.5

6695.9

-885.9

-875.9

880.9

880.9

900

49.15

6704.2

-894.2

-884.2

889.2

889.2

1-Apr-14

890

41

6721.05

-911.05

-901.05

906.05

906.05

2-Apr-14

920.6

41.25

6752.55

-942.55

-932.55

937.55

937.55

3-Apr-14

925

42.4

6736.1

-926.1

-916.1

921.1

921.1

4-Apr-14

925

46

6694.35

-884.35

-874.35

879.35

879.35

7-Apr-14

885

42.85

6695.05

-885.05

-875.05

880.05

880.05

9-Apr-14
1000
10-Apr14
1010
11-Apr14
963.8
15-Apr14
935
16-Apr14 885.05
17-Apr14
959.7
21-Apr14
984.1
22-Apr14 985.55
23-Apr14 1007.65
25-Apr14
924.2
28-Apr14
937.6
29-Apr14 870.75
30-Apr14
852.2
2-May14 839.45
5-May14
850

35.55

6796.2

-986.2

-976.2

981.2

981.2

42

6796.4

-986.4

-976.4

981.4

981.4

44.95

6776.3

-966.3

-956.3

961.3

961.3

46

6733.1

-923.1

-913.1

918.1

918.1

44.25

6675.3

-865.3

-855.3

860.3

860.3

36

6779.4

-969.4

-959.4

964.4

964.4

30.1

6817.65

-1007.65

-997.65

1002.65

1002.65

27.5

6815.35

-1005.35

-995.35

1000.35

1000.35

19.8

6840.8

-1030.8

-1020.8

1025.8

1025.8

19.15

6782.75

-972.75

-962.75

967.75

967.75

20.1

6761.25

-951.25

-941.25

946.25

946.25

19.8

6715.25

-905.25

-895.25

900.25

900.25

19.55

6696.4

-886.4

-876.4

881.4

881.4

27.4

6694.8

-884.8

-874.8

879.8

879.8

26.75

6699.35

-889.35

-879.35

884.35

884.35

-1547
1559.5
1582.8
1663.5
1771.8
1788.4
1822.1
1885.1
1852.2
1768.7
1770.1
1972.4
1972.8
1932.6
1846.2
1730.6
1938.8
2015.3
2010.7
2061.6
1945.5
1902.5
1810.5
1772.8
1769.6
1778.7

6-May14
853.1
7-May14 800.45
8-May14
798
9-May14 1009.1
12-May14
1160
13-May14
1235
14-May14 1233.85
15-May14 1256.9
16-May14
1400
19-May14 1375.9
20-May14 1408.1
21-May14 1372.8
22-May14
1377
23-May14 1476.5
26-May14 1451.7
27-May14 1418.95
28-May14 1421.3
29-May14 1338.35

22.05

6715.3

-905.3

-895.3

900.3

900.3

28.1

6652.55

-842.55

-832.55

837.55

837.55

29

6659.85

-849.85

-839.85

844.85

844.85

23.05

6858.8

-1048.8

-1038.8

1043.8

1043.8

22.3

7014.25

-1204.25

-1194.25

1199.25

1199.25

11.1

7108.75

-1298.75

-1288.75

1293.75

1293.75

9.6

7108.75

-1298.75

-1288.75

1293.75

1293.75

18.5

7123.15

-1313.15

-1303.15

1308.15

1308.15

7203

-1393

-1383

1388

1388

1.35

7263.55

-1453.55

-1443.55

1448.55

1.35

7275.5

-1465.5

-1455.5

1460.5

1460.5

7252.9

-1442.9

-1432.9

1437.9

1437.9

0.8

7276.4

-1466.4

-1456.4

1461.4

1461.4

1.05

7367.1

-1557.1

-1547.1

1552.1

1552.1

0.85

7359.05

-1549.05

-1539.05

1544.05

1544.05

0.4

7318

-1508

-1498

1503

1503

0.1

7329.65

-1519.65

-1509.65

1514.65

0.05

7235.65

-1425.65

-1415.65

1420.65

Bottom Straddle
Date
LTP
28-Feb14

Stock
price

LTP

Straddle

163

6276.95

Bottom straddle

3-Mar-14

508

157

6221.45 Long call

Long put

4-Mar-14

600

122

6297.95 (S-E)-P

(E-S)-P

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

700

80

payoff

1810.6
1685.1
1699.7
2097.6
2408.5
2597.5
2597.5
2626.3

-2786
1448.55 2907.1
-2931
2885.8
2932.8
3114.2
3098.1

-3016
1514.65 3039.3
1420.65 2851.3

11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

6493.2

-106.8

-673.2

566.4

765

78

6494.9

-105.1

-674.9

569.8

830

65.15

6583.5

-16.5

-763.5

747

831.1

62.5

6589.75

-10.25

-769.75

759.5

846

62

6601.4

1.4

-781.4

782.8

837.45

53

6641.75

41.75

-821.75

863.5

869.4

49.5

6695.9

95.9

-875.9

971.8

900

49.15

6704.2

104.2

-884.2

988.4

1-Apr-14

890

41

6721.05

121.05

-901.05 1022.1

2-Apr-14

920.6

41.25

6752.55

152.55

-932.55 1085.1

3-Apr-14

925

42.4

6736.1

136.1

-916.1 1052.2

4-Apr-14

925

46

6694.35

94.35

-874.35

968.7

7-Apr-14

885

42.85

6695.05

95.05

-875.05

970.1

9-Apr-14
10-Apr14
11-Apr14
15-Apr14
16-Apr14
17-Apr14
21-Apr14
22-Apr14

1000

35.55

6796.2

196.2

-976.2 1172.4

1010

42

6796.4

196.4

-976.4 1172.8

963.8

44.95

6776.3

176.3

-956.3 1132.6

935

46

6733.1

133.1

-913.1 1046.2

885.05

44.25

6675.3

75.3

959.7

36

6779.4

179.4

-959.4 1138.8

984.1

30.1

6817.65

217.65

-997.65 1215.3

985.55

27.5

6815.35

215.35

-995.35 1210.7

-855.3

930.6

23-Apr14
25-Apr14
28-Apr14
29-Apr14
30-Apr14
2-May14
5-May14
6-May14
7-May14
8-May14
9-May14
12-May14
13-May14
14-May14
15-May14
16-May14
19-May14
20-May14
21-May14
22-May14
23-May14
26-May14
27-May14
28-May14
29-May14

1007.65

19.8

6840.8

240.8

-1020.8 1261.6

924.2

19.15

6782.75

182.75

-962.75 1145.5

937.6

20.1

6761.25

161.25

-941.25 1102.5

870.75

19.8

6715.25

115.25

-895.25 1010.5

852.2

19.55

6696.4

96.4

-876.4

972.8

839.45

27.4

6694.8

94.8

-874.8

969.6

850

26.75

6699.35

99.35

-879.35

978.7

853.1

22.05

6715.3

115.3

800.45

28.1

6652.55

52.55

-832.55

885.1

798

29

6659.85

59.85

-839.85

899.7

1009.1

23.05

6858.8

258.8

-1038.8 1297.6

1160

22.3

7014.25

414.25

-1194.25 1608.5

1235

11.1

7108.75

508.75

-1288.75 1797.5

1233.85

9.6

7108.75

508.75

-1288.75 1797.5

1256.9

18.5

7123.15

523.15

-1303.15 1826.3

1400

7203

603

1375.9

1.35

7263.55

663.55

1408.1

1.35

7275.5

675.5

-1455.5

1372.8

7252.9

652.9

-1432.9 2085.8

1377

0.8

7276.4

676.4

-1456.4 2132.8

1476.5

1.05

7367.1

767.1

-1547.1 2314.2

1451.7

0.85

7359.05

759.05

-1539.05 2298.1

1418.95

0.4

7318

718

1421.3

0.1

7329.65

729.65

-1509.65 2239.3

1338.35

0.05

7235.65

635.65

-1415.65 2051.3

-895.3 1010.6

-1383

1986

-1443.55 2107.1

-1498

2131

2216

Top Straddle
Date
LTP
28-Feb14

Stock
price

LTP

Straddle

163

6276.95

Top Straddle
Short
put
payoff

3-Mar-14

508

157

Short
6221.45 Call

4-Mar-14

600

122

6297.95 (E-S)+P

5-Mar-14

610.3

109

6328.65

6-Mar-14

675

98

6401.15

7-Mar-14
10-Mar14
11-Mar14
12-Mar14
13-Mar14
14-Mar14
18-Mar14
19-Mar14
20-Mar14
21-Mar14
22-Mar14
24-Mar14
25-Mar14
26-Mar14
27-Mar14
28-Mar14
31-Mar14

761.15

80.5

6526.65

761.15

82.05

6537.25

765

83

6511.9

766.4

80

6516.9

800

92

6493.1

722.7

87.05

6504.2

722.7

84

6516.65

810

77.25

6524.05

745

78.1

6483.1

765

79.1

765

(S-E)+P

765

90

6493.2

106.8

683.2

-576.4

78

6494.9

105.1

684.9

-579.8

830

65.15

6583.5

16.5

773.5

-757

831.1

62.5

6589.75

10.25

779.75

-769.5

846

62

6601.4

-1.4

791.4

-792.8

837.45

53

6641.75

-41.75

831.75

-873.5

869.4

49.5

6695.9

-95.9

885.9

-981.8

900

49.15

6704.2

-104.2

894.2

1-Apr-14

890

41

6721.05

-121.05

2-Apr-14

920.6

41.25

6752.55

-152.55

-998.4
911.05 1032.1
942.55 1095.1

926.1 1062.2

3-Apr-14

925

42.4

6736.1

-136.1

4-Apr-14

925

46

6694.35

-94.35

884.35

-978.7

7-Apr-14

885

42.85

6695.05

-95.05

885.05

9-Apr-14
10-Apr14
11-Apr14
15-Apr14
16-Apr14
17-Apr14
21-Apr14
22-Apr14
23-Apr14
25-Apr14
28-Apr14
29-Apr14
30-Apr14
2-May14
5-May14
6-May14
7-May14
8-May14
9-May14
12-May14
13-May14
14-May14
15-May14

1000

35.55

6796.2

-196.2

986.2

1010

42

6796.4

-196.4

986.4

963.8

44.95

6776.3

-176.3

966.3

935

46

6733.1

-133.1

923.1

-980.1
1182.4
1182.8
1142.6
1056.2

885.05

44.25

6675.3

-75.3

865.3

959.7

36

6779.4

-179.4

969.4

984.1

30.1

6817.65

-217.65

1007.65

985.55

27.5

6815.35

-215.35

1005.35

1007.65

19.8

6840.8

-240.8

1030.8

924.2

19.15

6782.75

-182.75

972.75

937.6

20.1

6761.25

-161.25

951.25

870.75

19.8

6715.25

-115.25

905.25

-940.6
1148.8
1225.3
1220.7
1271.6
1155.5
1112.5
1020.5

852.2

19.55

6696.4

-96.4

886.4

-982.8

839.45

27.4

6694.8

-94.8

884.8

-979.6

850

26.75

6699.35

-99.35

889.35

853.1

22.05

6715.3

-115.3

800.45

28.1

6652.55

-52.55

842.55

-895.1

798

29

6659.85

-59.85

849.85

1009.1

23.05

6858.8

-258.8

1048.8

1160

22.3

7014.25

-414.25

1204.25

1235

11.1

7108.75

-508.75

1298.75

1233.85

9.6

7108.75

-508.75

1298.75

1256.9

18.5

7123.15

-523.15

1313.15

-909.7
1307.6
1618.5
1807.5
1807.5
1836.3

1400

7203

-603

1393

-1996

16-May-

-988.7
905.3 1020.6

14
19-May14
20-May14
21-May14
22-May14
23-May14
26-May14
27-May14
28-May14
29-May14

1453.55 2117.1

1375.9

1.35

7263.55

-663.55

1408.1

1.35

7275.5

-675.5

1465.5

1372.8

7252.9

-652.9

1442.9

1377

0.8

7276.4

-676.4

1466.4

1476.5

1.05

7367.1

-767.1

1557.1

1451.7

0.85

7359.05

-759.05

1549.05

1418.95

0.4

7318

-718

1508

1421.3

0.1

7329.65

-729.65

1338.35

0.05

7235.65

-635.65

-2141
2095.8
2142.8
2324.2
2308.1

-2226
1519.65 2249.3
1425.65 2061.3