Nifty 25 DEC Fut Cmp 2928.40 - Lot size 501) Buy (1 lot) Call option Nifty of December Month Strike Price 2800 @ 193 Rs
Premium Paid = 50 * 193 = 9650 Rs
2)Sell ( 1 lot ) Call Option Nifty of December Month Strike Price 3000 @ 81
Premium Received = 50 * 81 = 4050
Net Premium Paid = Maximum Loss in this strategy.
Net Premium = 9650-4050 = 5600 Rs
Maximum Profit from the strategy.
Call Option bought at 2800+193 = 2993
Call Option sold at 3000 + 81 = 3081
Maximum Profit = ( 3081 -2993 ) * lot size= 88 * 50 = 4400 Rs
Breakeven = 2800+193-81 = 2912
Note : Nifty Fut is looking good for short term. On daily chart multiple patterns "Inverted Head & Shoulder Pattern" & "Morning Star Candle Stick Pattern" can be seen in the above chart. Also weekly chart are indicating " Higher Top & Higher Bottom" for the current week. All this Technical patterns indicate a short term uptrend for the markets.
The above strategy is good for trending markets. In this case we Buy IN THE MONEY CALL & Sell OUT OF THE MONEY CAll. Also if you buy more than 1 lot, then you can also partially sell AT THE MONEY CALLS & OUT OF THE MONEY CALLS to reduce risk & maximise your profits. In that scenario the profits & loss will vary accordingly.
Maximum profit will be earned if Nifty Fut moves up till expiry. All the rates above are without brokerages, so net profit / loss will vary accordingly.
Point to Remember : To trade in Options you need to have a clear view of the markets ( UP /DOWN/FLAT ) & knowledge about the Moneyness, Stike Price, Time Value & its logics.