TATAMOTORS STRANGLE STRATEGY FOR AUGUST 2015

BUY 1 LOT TATAMOTORS 350 PUT @ 4.7

BUY 1 LOT TATAMOTORS  410 CALL @ 4.9

COST=9.6

TOTAL RISK  = 4800

RETURN = UNLIMITED

UPPER BREAK GIVEN POINT=414.9

LOWER BREAK GIVEN POINT=346.3

Pay off table:

Strike Price	Call Option Price	Strike Price	Call Option Price	Closing price	Return from call	return from put	Payoff
410	4.9	350	4.7	340	0	5000	200
410	4.9	350	4.7	350	0	0	-4800
410	4.9	350	4.7	360	0	0	-4800
410	4.9	350	4.7	370	0	0	-4800
410	4.9	350	4.7	380	0	0	-4800
410	4.9	350	4.7	390	0	0	-4800
410	4.9	350	4.7	400	0	0	-4800
410	4.9	350	4.7	410	0	0	-4800
410	4.9	350	4.7	420	5000	0	200
410	4.9	350	4.7	430	10000	0	5200
410	4.9	350	4.7	440	15000	0	10200
410	4.9	350	4.7	450	20000	0	15200
410	4.9	350	4.7	460	25000	0	20200
410	4.9	350	4.7	470	30000	0	25200
410	4.9	350	4.7	480	35000	0	30200
410	4.9	350	4.7	490	40000	0	35200
410	4.9	350	4.7	500	45000	0	40200
410	4.9	350	4.7	510	50000	0	45200
410	4.9	350	4.7	520	55000	0	50200