Friends, Dow already down 249 points.It has moved rapidly from 150 to 250.Looks like a Lehman brothers day like collapse will be there today by the time US markets close.Yen already appreciated from 93 to 90.This happened only at Lehmans time.Looks like Asian markets will be down 3-4 percent tomorrow.Indian markets have been lucky till today lets see what happens tomorrow.No doubt there will be heavy selling by FIIS.
Dear GEM, I had bought 70 call at 4.5 & 70 put at 6.15.Now let me Illustrate the possible scenarios. 1)RNRL at 80-Call will have a premium of 5-6 at the minimum .So 70 call rate at 16.70 put will have 2 premium.So net value of 70 call & put=16+2=18. Profit=18-10.5=7.5*3576(lot size)=26820 profit. 2)RNRL at 90 premium 6 so call =26.Put premium 1 so value=1.So total =27-10.5=59000. & So on. 3)RNRL at 50.Call will be 1 & put 26.Net profit is 59000. So My hope is farther RNRL moves in either direction the more profit I will make.If it does not move at all then I will sell both at current value & get out around my cost price.My only requirement is Hon. Supreme court should give its verdict this month.
As a matter of Fact I have just checked the premiums of 70 it is 6 & 7.3 so total 13.3 that means I have already made 10 K Profit.Tommorow morning premium will go up as everybody will be rushing to buy calls & puts.
Friends, RNRL-RIL Judgement is expected tommorow at 1030 AM.I have already bought 1 pair of calls & puts of RNRL at 70 strike at combined value of 10.5 & also RPower at 160.Those who are interested in making money can also buy call & put of RNRL at 65 strike which is available at 12.5.As RNRL will have wild swings of more than 20 percent(It may go to 100 or 40-50) depending on case outcome.Say if RNRL goes to 90 65 call will be 95-100 ie 30-35 & Put will be 0.5.So you will be making 30-60 K profit depending on the outcome.
ALL THE INVESTORS ARE HAPPY PROMOTERS SHOULD LEARN AN LESSON THAT RETAIL INVESTORS ARE NOW ALERT AND THEY SHOULD EARN MONEY AND ALLOW OTHERS TO EARN MONEY (IE RETAIL INVESTORS ) GIVE DISCOUNT TO RETAIL INVESTORS AS GIVEN BY SLJVN(GOVT IS NOW ALERT ) AND JAYEEPE GOOD LUCK TO NEW PROMOTERS WHO ARE BRINGING ISSUE
maza aya maza aaya. inke promoters aur lead manager ke guts dekho itni baisti karane ke baad bhi 5 rs kam kiye the. agar yeh 60-70 rs par late tab kuch umeed hoti. good to teach them lesson.
the only clever and greedy people who got their issue subscribed succesfullt were mandhan industries and talwalkar. both will crash after listing
I like to stuff all stock markets. I continue to work n collect every new ipo forms since 2003. I joined Kotak Securities Ltd., ICICI Securities Ltd. and HSBC Investdirect Ltd.
The issue has been taken back as the subsription level could not go beyond 60%. This is the price paid for choosing such a novice as BRLM. This month has turned out to be bad for IPOs subsription and now it is to be seen how they perform upon listing which begins with Talwarkars on May 11.
Next IPO is that of Glenmark Generics which opens next weekend.