Short Unilever Jan Futures

Short Unilever Jan 2019 Futures

Spot CMP: 1845, TGT: 1777/1740/1720; SL: 1870
Jan Fut CMP:1859 (14.00 Future Premium, 0.75% Arbitrage)

Alternately you can write 1860 CE for 50 rupee with a target of 30/20/10
FNO Margin Required: 2,00,000 (As per SASOnline)
Potential Gain: 600 x 14 + 600 x 72 = 51,000.00 (25%)

Strategy: Once target is met don't square off the position. Instead buy 1 lot in cash segment. By doing this you can save future premium arbitrage of 14 rupees.

Comment:

Stock almost met 1740 targets. Time to look at the results and act accordingly.

Comment:

All targets achieved in 22 trading sessions. Stock made low of 1726 in 28 trading sessions. Last target was missed by 6 points. Closed with 25% ROI return.