Tuesday, 17 November 2015

RELCAPITAL CONDOR STRATEGY


BUY RELCAPITAL 390 CALL @17.8
BUY RELCAPITAL 400 CALL @12.5
BUY RELCAPITAL 410 CALL @ 7.9

BUY RELCAPITAL 420 CALL @ 4.2
Total Investment=2660
Maximum returns possible=12340
 Pay off table:

call option
closing price
profit from I
profit from IV
loss from II
loss from III
gross return
payoff
4.2
375
0
0
0
0
0
-2660
4.2
380
0
0
0
0
0
-2660
4.2
385
0
0
0
0
0
-2660
4.2
390
0
0
0
0
0
-2660
4.2
395
7500
0
0
0
7500
4840
4.2
400
15000
0
0
0
15000
12340
4.2
405
22500
0
7500
0
15000
12340
4.2
410
30000
0
15000
0
15000
12340
4.2
415
37500
0
22500
7500
7500
4840
4.2
420
45000
0
30000
15000
0
-2660
4.2
425
52500
7500
37500
22500
0
-2660
4.2
430
60000
15000
45000
30000
0
-2660
4.2
435
67500
22500
52500
37500
0
-2660
4.2
440
75000
30000
60000
45000
0
-2660
4.2
445
82500
37500
67500
52500
0
-2660

 


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