DSIJ Mindshare

The market opened in green on April 28, 2021.

On the options' front, broad put addition has been witnessed in the range of 14,700-14,800. The 14,700 put options have added nearly 37 lakh shares in the open interest in today’s session itself, while the 14,800 put option has seen the addition of 26.55 lakh shares in the open interest.

We have listed down the top five companies (listed on BSE 500 index) in which promoters increased their stake along with another set of the top five companies in which promoters have decreased their stake in the quarter ended March 2021 from December 2020 quarter. 

The board of directors of Morepen Laboratories Limited has approved the investment proposed by Corinth Group, a global private investment group, headquartered in Switzerland, to the extent of USD 32.50 million in the parent company, Morepen Laboratories Limited out of a total USD 100 million investment in the promoter group. 

The 2000 CE and PE together have a premium of Rs 28.55. This means that if the stock closes between Rs 1,976 - Rs 2033, the theta will melt like ice. In this condition, one can apply a short straddle by selling both 2000 strike CE and PE in this April series.