The document discusses various option trading strategies for different stocks. It provides details of the strategies including indicators used, entry and expiry dates, strike prices of calls/puts bought/sold, premiums paid/received and profit/loss calculations. The strategies discussed are bull call spread for AU Small Finance Bank, call ratio backspread for Nifty 50, bear call spread for Aurobindo Pharma, bull put spread for HDFC and short straddle for ACC. For each stock, it provides the payoff tables, graphs and profit obtained on closing the positions.

1. DR. V.N. BEDEKAR
INSTITUTE OF
MANAGEMENT STUDIES

2. TEAM MEMBERS
P31 SHIVANI KATAKDHOND
P19 SWARALI GHOSALKAR
P14 SWAPNIL GALANDE
P11 VISHAL DOKE
P46 RUTUJA PAWAR

3. OPTION STRATEGIES

4. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
It’s composed of
hydrogen and helium
SATURN
STOCK – AU SMALL FINANCE BANK LTD
INDICATORS
 BOLLINGER BAND
 RSI
 MACD

6. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
STOCK – AU SMALL FINANCE BANK LTD
STRATEGY : BULL CALL SPREAD
Buy 1 ATM CALL SELL 1 OTM CALL
DURATION:
ENTRY-31st DECEMBER2021
Expiry – 27th JANUARY2022
LONG CALL ATM
STRIKE PRICE- 1040
PREMIUM paid- 47.85
SHORT CALL OTM
STRIKE PRICE- 1160
PREMIUM received-11.25

7. PAYOFF TABLE
LONG CALL SHORT CALL
SPOT PRICE PREMIUM INTRENSIC VALUE PREMIUM INTRENSIC VALUE PROFIT /LOSS
980 -47.85 0 11.25 0 -36.6
1000 -47.85 0 11.25 0 -36.6
1020 -47.85 0 11.25 0 -36.6
1040 -47.85 0 11.25 0 -36.6
1060 -47.85 20 11.25 0 -16.6
1080 -47.85 40 11.25 0 3.4
1100 -47.85 60 11.25 0 23.4
1120 -47.85 80 11.25 0 43.4
1140 -47.85 100 11.25 0 63.4
1160 -47.85 120 11.25 0 83.4
1180 -47.85 140 11.25 -20 83.4
1200 -47.85 160 11.25 -40 83.4
1220 -47.85 180 11.25 -60 83.4

8. PAYOFF GRAPH
-60
-40
-20
0
20
40
60
80
100
980 1000 1020 1040 1060 1080 1100 1120 1140 1160 1180 1200 1220
Profit/Loss

9. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
STOCK – AU SMALL FINANCE BANK LTD
STRATEGY : BULL CALL SPREAD
CALL (ATM) CALL (OTM)
31-Dec-21 -47.85 11.25
03-Jan-22 60.65 -14.8
PROFIT/LOSS 12.8 -3.55
OVERALL PROFIT 10.95
LOT SIZE 500
TOTAL PROFIT 5475

10. STOCK – NIFTY FIFTY
INDICATORS
 BOLLINGER BANDS
 RELATIVE STRENGTH INDEX
 MACD

12. STOCK – NIFTY-FIFTY
STRATEGY : CALL RATIO BACK SPREAD
Buy 2 OTM CALL SELL 1 ITM CALL
DURATION:
ENTRY-3RD DECEMBER2021
Expiry – 27th JANUARY 2022
LONG CALL OTM
STRIKE PRICE-17800
PREMIUM- 193
SHORT CALL ITM
STRIKE PRICE- 17500
PREMIUM- 43.20

13. SHORT CALL LONG CALL
SPOT PRICE PREMIUM
INTRENSIC
VALUE P
INTRENSIC
VALUE PREMIUM IV PROFIT /LOSS
17000 193 0 -43.2 0 -43.2 0 106.6
17100 193 0 -43.2 0 -43.2 0 106.6
17200 193 0 -43.2 0 -43.2 0 106.6
17300 193 0 -43.2 0 -43.2 0 106.6
17400 193 0 -43.2 0 -43.2 0 106.6
17500 193 0 -43.2 0 -43.2 0 106.6
17600 193 -100 -43.2 0 -43.2 0 6.6
17700 193 -200 -43.2 0 -43.2 0 -93.4
17800 193 -300 -43.2 0 -43.2 0 -193.4
17900 193 -400 -43.2 100 -43.2 100 -93.4
18000 193 -500 -43.2 200 -43.2 200 6.6
18100 193 -600 -43.2 300 -43.2 300 106.6
18200 193 -700 -43.2 400 -43.2 400 206.6
18300 193 -800 -43.2 500 -43.2 500 306.6
18400 193 -900 -43.2 600 -43.2 600 406.6
18500 193 -1000 -43.2 700 -43.2 700 506.6
PAYOFFTABLE

14. -300
-200
-100
0
100
200
300
400
500
600
17000 17100 17200 17300 17400 17500 17600 17700 17800 17900 18000 18100 18200 18300 18400 18500
PAYOFF GRAPH

15. STOCK – NIFTY-FIFTY
STRATEGY : CALL RATIO BACK SPREAD
SQUARING OFF ON 3rd JANUARY2022
LONG CALL (OTM) SHORT CALL (ITM)
3RD-JAN-22 193 43.20
OVERALL PROFIT 106.6
LOT SIZE 50
TOTAL PROFIT 5330

16. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
It’s composed of
hydrogen and helium
SATURN
STOCK – AUROBINDO PHARMA LTD
INDICATORS
 BOLLINGER BANDS
 RELATIVE STRENGTH INDEX
 MACD

18. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
STOCK – AUROBINDO PHARMA LTD
STRATEGY : BEAR CALL SPREAD
Buy 1 OTM CALL SELL 1 ITM CALL
DURATION:
ENTRY-31st DECEMBER2021
expiry – 27th JANUARY2022
LONG CALL OTM
STRIKE PRICE- 800
PREMIUM paid- 7
SHORT CALL ITM
STRIKE PRICE- 700
PREMIUM received-48

19. PAYOFF TABLE
LONG CALL SHORT CALL
SPOT PRICE PREMIUM INTRINSIC VALUE PREMIUM INTRENSIC VALUE PROFIT /LOSS
660 -7 0 48 0 41
670 -7 0 48 0 41
680 -7 0 48 0 41
690 -7 0 48 0 41
700 -7 0 48 0 41
710 -7 0 48 -10 31
720 -7 0 48 -20 21
730 -7 0 48 -30 11
740 -7 0 48 -40 1
750 -7 0 48 -50 -9
760 -7 0 48 -60 -19
770 -7 0 48 -70 -29
780 -7 0 48 -80 -39
790 -7 0 48 -90 -49
800 -7 0 48 -100 -59
810 -7 10 48 -110 -59
820 -7 20 48 -120 -59
830 -7 30 48 -130 -59

20. PAYOFF GRAPH
-80
-60
-40
-20
0
20
40
60
660 670 680 690 700 710 720 730 740 750 760 770 780 790 800 810 820 830
Series1

21. It’s the closest one to
the Sun of them
Mercury
SATURN
STOCK – AUROBINDO PHARMA LTD
STRATEGY : Bear CALL SPREAD
SQUARING OFF ON 3rd JANUARY2022
CALL (OTM) CALL (ITM)
31-Dec-21 -7 48
03-Jan-22 6.30 -43.70
PROFIT/LOSS -0.70 4.3
OVERALL PROFIT 3.6
LOT SIZE 750
TOTAL PROFIT 2700

22. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
It’s composed of
hydrogen and helium
SATURN
STOCK – HDFC LTD
INDICATORS
 BOLLINGER BANDS
 RELATIVE STRENGTH INDEX
 MACD

24. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
STOCK – HDFC LTD
STRATEGY : BULL PUT SPREAD
Buy 1 OTM PUT SELL 1 ITM PUT
DURATION:
ENTRY-31st DECEMBER2021
Expiry – 27th JANUARY2022
LONG PUT OTM
STRIKE PRICE- 2500
PREMIUM- 25.50
SHORT PUT ITM
STRIKE PRICE- 2640
PREMIUM- 88.20

25. PAYOFF TABLE
LONG CALL SHORT CALL
SPOT PRICE PREMIUM
INTRENSIC
VALUE PREMIUM
INTRENSIC
VALUE
PROFIT
/LOSS
2440 -25.6 60 88.2 -200 -77.4
2460 -25.6 40 88.2 -180 -77.4
2480 -25.6 20 88.2 -160 -77.4
2500 -25.6 0 88.2 -140 -77.4
2520 -25.6 0 88.2 -120 -57.4
2540 -25.6 0 88.2 -100 -37.4
2560 -25.6 0 88.2 -80 -17.4
2580 -25.6 0 88.2 -60 2.6
2600 -25.6 0 88.2 -40 22.6
2620 -25.6 0 88.2 -20 42.6
2640 -25.6 0 88.2 0 62.6
2660 -25.6 0 88.2 0 62.6
2680 -25.6 0 88.2 0 62.6
2700 -25.6 0 88.2 0 62.6

26. PAYOFF GRAPH
-100
-80
-60
-40
-20
0
20
40
60
80
2440 2460 2480 2500 2520 2540 2560 2580 2600 2620 2640 2660 2680 2700

27. It’s the closest one to
the Sun of them
Mercury
SATURN
STOCK – HDFC LTD
STRATEGY : BULL put SPREAD
SQUARING OFF ON 3rd JANUARY2022
PUT (OTM) PUT (ITM)
31-Dec-21 -25.50 88.20
03-Jan-22 16.10 -61.00
PROFIT/LOSS -9.4 27.2
OVERALL PROFIT 17.8
LOT SIZE 300
TOTAL PROFIT 5340

28. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
It’s composed of
hydrogen and helium
SATURN
STOCK – ACC LTD
INDICATORS
 BOLLINGER BANDS
 RELATIVE STRENGTH INDEX
 MACD

30. It’s the closest one to
the Sun of them
Mercury
Despite being red,
Mars is a cold place
STOCK – ACC LTD
STRATEGY : SHORT STRADDLE
SELL 1 ATM CALL SELL 1 ATM PUT
DURATION:
ENTRY-31st DECEMBER2021
EXPIRY- 27TH JANUARY2022
SHORT CALL (ATM)
STRIKE PRICE- 2220
PREMIUM- 72.40
SHORT PUT (ATM)
STRIKE PRICE- 2220
PREMIUM- 86.90

31. PAYOFF TABLE
SHORT CALL SHORT PUT
Spot Price Premium Intrinsic Value Premium Intrinsic Value (IV) P&L
2020 72.4 0 86.9 -200 -40.7
2040 72.4 0 86.9 -180 -20.7
2060 72.4 0 86.9 -160 -0.7
2080 72.4 0 86.9 -140 19.3
2100 72.4 0 86.9 -120 39.3
2120 72.4 0 86.9 -100 59.3
2140 72.4 0 86.9 -80 79.3
2160 72.4 0 86.9 -60 99.3
2180 72.4 0 86.9 -40 119
2200 72.4 0 86.9 -20 139
2220 72.4 0 86.9 0 159
2240 72.4 -20 86.9 0 139
2260 72.4 -40 86.9 0 119
2280 72.4 -60 86.9 0 99.3
2300 72.4 -80 86.9 0 79.3
2320 72.4 -100 86.9 0 59.3
2340 72.4 -120 86.9 0 39.3
2360 72.4 -140 86.9 0 19.3
2380 72.4 -160 86.9 0 -0.7
2400 72.4 -180 86.9 0 -20.7
2420 72.4 -200 86.9 0 -40.7

32. PAYOFF GRAPH
-100
-50
0
50
100
150
200
2000 2050 2100 2150 2200 2250 2300 2350 2400 2450

33. It’s the closest one to
the Sun of them
Mercury
SATURN
STOCK – ACC LTD
STRATEGY : Short STRADDLE
SQUARING OFF ON 4TH JANUARY2022
SHORT CALL (ATM) SHORT PUT (ATM)
31-DEC-21 72.40 86.90
04-Jan-22 67.35 38.90
PROFIT/LOSS 5.05 48
OVERALL PROFIT 53.05
LOT SIZE 250
TOTAL PROFIT 13,263