Expiry strategy: Sell 110 Call @ 1.2After a fall following latest quarterly result, it hovers near long term support. Expect the price would stay above 110 for Feb series.
Optionselling
Expiry Strategy: Sell Voltas 640 Call @ CMP 1.8EMA and recent gap down confirms trend turn to bearish note. Expect Oct expiry would below 640.
Expiry Strategy: Sell 1400 Call Oct @ CMP 4Recent fall following bearish engulfing in weekly and close below bollinger lower band would keep the sentiment in negative bias for Oct. Expect the expiry would stay below Rs.1400.
AMD - Advanced Micro DevicesExtremely high IVR here in this little over-hyped stock, so I'm using a jade lizard. This trade helps sell some juiced IV, but caps your upside (even allows you to profit from the upside as well) in case the craziness continues.
-1 Oct18 29/34/36 Jade lizard for $2.24 cr.
Risk: 2x cr rec (downside risk); No risk to upside
Profit: 50% cr rec
EWZ - BrazilSelling some high IV here with Brazil's elections.
-1 30/38 strangle in Nov cycle for $2.50 cr.
