{"id":22343,"date":"2022-04-23T13:12:43","date_gmt":"2022-04-23T13:12:43","guid":{"rendered":"https://www.5paisa.com/finschool/?post_type=markets\u0026#038;p=22343"},"modified":"2022-10-27T14:41:20","modified_gmt":"2022-10-27T14:41:20","slug":"option-trading-strategies-contd","status":"publish","type":"markets","link":"https://www.5paisa.com/finschool/course/option-trading-course/option-trading-strategies-contd/","title":{"rendered":"Understand Option Trading Strategies In Stock Market"},"content":{"rendered":"\u003cdiv data-elementor-type=\u0022wp-post\u0022 data-elementor-id=\u002222343\u0022 class=\u0022elementor elementor-22343\u0022\u003e\u003csection class=\u0022elementor-section elementor-top-section elementor-element elementor-element-23ba90b elementor-section-full_width tab_container elementor-section-height-default elementor-section-height-default\u0022 data-id=\u002223ba90b\u0022 data-element_type=\u0022section\u0022\u003e\u003cdiv class=\u0022elementor-container 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(ઓટીએમ) કૉલ વિકલ્પને વેચીને બુલ કૉલ સ્પ્રેડનું નિર્માણ કરવામાં આવે છે. ઘણીવાર ઓછી સ્ટ્રાઇક કિંમત સાથે કૉલ કરવામાં આવશે - પૈસા જ્યારે ઉચ્ચ સ્ટ્રાઇક કિંમત સાથે કૉલ આઉટ-ઑફ-મની છે. બંને કૉલમાં એક જ અંતર્નિહિત સુરક્ષા અને સમાપ્તિ મહિનો હોવો આવશ્યક છે.\u003cbr /\u003eવ્યૂહરચનાની ચોખ્ખી અસર એ ખરીદી કૉલ (લાંબા કૉલ) વ્યૂહરચના પર ખર્ચ ઘટાડવો અને બ્રેકઇવન લાવવાનો છે. જ્યારે રોકાણકાર બુલિશ કરવા માટે મધ્યમ રીતે બુલિશ હોય ત્યારે આ વ્યૂહરચનાનો ઉપયોગ કરવામાં આવે છે, કારણ કે જ્યારે સ્ટૉકની કિંમત/ઇન્ડેક્સ વધે ત્યારે જ રોકાણકાર નફો કરશે. જો સ્ટૉકની કિંમત ઓછી (ખરીદેલી) હડતાલમાં આવે છે, તો રોકાણકાર મહત્તમ નુકસાન (વેપારનો ખર્ચ) કરે છે અને જો સ્ટૉકની કિંમતમાં વધારો (વેચાયેલ) હડતાલમાં થાય છે, તો રોકાણકાર મહત્તમ નફો કરે છે. ચાલો આને એક ઉદાહરણ સાથે સમજીએ અને પ્રયત્ન કરીએ.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cspan style=\u0022color: #000080\u0022\u003eક્યારે ઉપયોગ કરવો\u003c/span\u003e:\u003c/strong\u003e રોકાણકાર મધ્યમ રીતે બુલિશ છે\u003cbr /\u003e\u003cspan style=\u0022color: #000080\u0022\u003e\u003cstrong\u003eજોખમ:\u003c/strong\u003e\u003c/span\u003eપોઝિશનની સ્થાપનામાં ચૂકવેલ કોઈપણ પ્રારંભિક પ્રીમિયમ સુધી મર્યાદિત. મહત્તમ નુકસાન થાય છે જ્યાં અંતર્નિહિત નીચલી હડતાલના સ્તર પર અથવા નીચે આવે છે\u003cbr /\u003e\u003cspan style=\u0022color: #000080\u0022\u003e\u003cstrong\u003eરિવૉર્ડ:\u003c/strong\u003e\u003c/span\u003eનેટ પ્રીમિયમ ખર્ચ બાદ કરીને બે સ્ટ્રાઇક વચ્ચેના તફાવત સુધી મર્યાદિત. મહત્તમ નફો ત્યારે થાય છે જ્યાં અંડરલાઇંગ ઉચ્ચ હડતાલના સ્તર સુધી વધે છે અથવા તેનાથી વધુ.\u003cbr /\u003eબ્રેક-ઇવન-પૉઇન્ટ (બીઇપી): ખરીદેલ કૉલની સ્ટ્રાઇક કિંમત + નેટ ડેબિટ ચૂકવેલ છે\u003cbr /\u003eઉદાહરણ:\u003cbr /\u003eશ્રી XYZ ₹ 170.45 ના પ્રીમિયમ પર ₹ 16100 ની સ્ટ્રાઇક પ્રાઇસ સાથે નિફ્ટી કૉલ ખરીદે છે અને તેઓ ₹ 35.40 ના પ્રીમિયમ પર ₹ 16400 ની સ્ટ્રાઇક પ્રાઇસ સાથે નિફ્ટી કૉલ વિકલ્પ વેચે છે. અહીં નેટ ડેબિટ ₹ 135.05 છે જે તેમનું મહત્તમ નુકસાન પણ છે.\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd colspan=\u00223\u0022 width=\u0022601\u0022\u003e\u003cp\u003e\u003cstrong\u003eવ્યૂહરચના: પુટ ખરીદો + કૉલ ખરીદો\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eનિફ્ટી ઇન્ડેક્સ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eવર્તમાન મૂલ્ય\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16191.10\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eમની કૉલ વિકલ્પમાં ખરીદો\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eસ્ટ્રાઇક પ્રાઇસ (₹)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16100\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eશ્રી XYZ ચુકવણીઓ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eપ્રીમિયમ (રૂ.)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e170.45\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eમની કૉલના વિકલ્પમાંથી વેચો\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eસ્ટ્રાઇક પ્રાઇસ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16400\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eશ્રી XYZ પ્રાપ્ત કરે છે\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eપ્રીમિયમ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e35.40\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eચૂકવેલ ચોખ્ખું પ્રીમિયમ (₹)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e135.05 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width=\u0022140\u0022\u003e\u003cp\u003e16400\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e129.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e35.40\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e16500\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e229.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e-64.60\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e16600\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e329.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e-164.60\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e16700\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e429.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e-264.60\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e16800\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e529.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e-364.60\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e16900\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e629.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e-464.60\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e17000\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e729.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e-564.60\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e17100\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e829.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e-664.60\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e17200\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e929.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e-764.60\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e164.95\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003eબુલ કૉલ સ્પ્રેડ સ્ટ્રેટેજીએ બ્રેકઇવન પોઇન્ટ ડાઉન લાવ્યું છે (જો માત્ર ₹16100 સ્ટ્રાઇક પ્રાઇસ કૉલ ખરીદવામાં આવ્યો હોય તો બ્રેકઇવન પોઇન્ટ ₹15929.55 હશે), વેપારનો ઘટાડો ખર્ચ (જો માત્ર ₹16100 સ્ટ્રાઇક પ્રાઇસ કૉલ ખરીદવામાં આવ્યો હતો તો વેપારનો ખર્ચ ₹170.45 હશે), વેપાર પર ઘટાડો થયેલ નુકસાન (જો માત્ર ₹16100 સ્ટ્રાઇક પ્રાઇસ કૉલ ખરીદવામાં આવ્યો હતો તો નુકસાન ₹170.45 હશે એટલે કે ખરીદેલ કૉલનું પ્રીમિયમ). જો કે, વ્યૂહરચનામાં પણ મર્યાદિત લાભ છે અને તેથી જ્યારે બજારો મધ્યમ રીતે બુલિશ હોય ત્યારે આદર્શ છે.\u003c/p\u003e\u003cp\u003e\u003cspan style=\u0022color: #000080\u0022\u003e\u003cstrong\u003eમુખ્ય મુદ્દાઓ:\u003c/strong\u003e\u003c/span\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eજો નિફ્ટી 16200 થી નીચે સમાપ્ત થાય તો વ્યૂહરચના નુકસાન કરે છે. જો કે નુકસાન ₹135.05 સુધી મર્યાદિત છે.\u003c/li\u003e\u003cli\u003eજ્યારે માર્કેટ 16235 પર સમાપ્ત થાય ત્યારે બ્રેકઇવન પોઇન્ટ (જ્યાં સ્ટ્રેટેજી ન તો નફા અથવા નુકસાન કરે છે) પ્રાપ્ત થાય છે. તેથી અમે લોઅર સ્ટ્રાઇક + નેટ ડેબિટ તરીકે બુલ કૉલ સ્પ્રેડ માટે બ્રેકઇવન પોઇન્ટને સામાન્ય કરી શકીએ છીએ\u003c/li\u003e\u003cli\u003eજો માર્કેટ 7854 થી વધુ હોય તો વ્યૂહરચના પૈસા બનાવે છે, જો કે મહત્તમ નફો ₹46 છે, એટલે કે સ્ટ્રાઇક માઇનસ નેટ ડેબિટ વચ્ચેનો તફાવત\u003c/li\u003e\u003c/ul\u003e\u003col\u003e\u003cli style=\u0022list-style-type: none\u0022\u003e\u003col\u003e\u003cli\u003e7900 \u0026#8211; 7800 = 100\u003c/li\u003e\u003cli\u003e100 \u0026#8211; 54 = 46\u003c/li\u003e\u003c/ol\u003e\u003c/li\u003e\u003c/ol\u003e\u003c/div\u003e\u003cdiv id=\u0027text_slider_slide02\u0027 class=\u0027sa_hover_container\u0027 data-hash=\u0027BULL-PUT-SPREAD\u0027 style=\u0027padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; \u0027\u003e\u003ch3 style=\u0022text-align: left\u0022\u003e\u003cstrong\u003e\u003cspan style=\u0022color: #f1566d\u0022\u003e9.2 બુલ પુટ સ્પ્રેડ\u003c/span\u003e\u003c/strong\u003e\u003c/h3\u003e\u003cp\u003e\u003cimg decoding=\u0022async\u0022 class=\u0022alignnone size-medium wp-image-29470 aligncenter\u0022 src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/04/9.2-300x300.png\u0022 alt=\u0022\u0022 width=\u0022300\u0022 height=\u0022300\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/04/9.2-300x300.png 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.2-1024x1024.png 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.2-150x150.png 150w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.2-768x768.png 768w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.2-50x50.png 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.2-100x100.png 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.2-96x96.png 96w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.2.png 1080w\u0022 sizes=\u0022(max-width: 300px) 100vw, 300px\u0022 /\u003e\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eજ્યારે સ્ટૉક/ઇન્ડેક્સ રેન્જ બાઉન્ડ અથવા વધતું હોય ત્યારે બુલ પુટ સ્પ્રેડ નફાકારક હોઈ શકે છે. ખ્યાલ એ નીચલા સ્ટ્રાઇક પુટ ખરીદીને વેચાયેલા પુટના નુકસાનને સુરક્ષિત કરવાનો છે, જે વેચાણ માટે ઇન્શ્યોરન્સ તરીકે કાર્ય કરે છે. ખરીદેલી નીચલી સ્ટ્રાઇક ઊંચી સ્ટ્રાઇક કરતાં વધુ OTM છે, જે સુનિશ્ચિત કરે છે કે રોકાણકારને ચોખ્ખી ક્રેડિટ મળે, કારણ કે ખરીદેલ (વધુ OTM) વેચાણ કરતાં સસ્તું છે. આ વ્યૂહરચના બુલ કૉલ સ્પ્રેડની સમકક્ષ છે પરંતુ નેટ ક્રેડિટ (પ્રીમિયમ) કમાવવા અને આવક એકત્રિત કરવા માટે કરવામાં આવે છે.\u003cbr /\u003eજો સ્ટૉક/ઇન્ડેક્સ વધે છે, તો બંને મૂલ્યવાન છે અને રોકાણકાર પ્રીમિયમ જાળવી શકે છે. જો સ્ટૉક/ઇન્ડેક્સ ઘટે છે, તો ઇન્વેસ્ટરનું બ્રેકઇવન વધુ સ્ટ્રાઇક છે, જે નેટ ક્રેડિટ પ્રાપ્ત થયેલ છે. જો સ્ટૉક તે લેવલથી ઉપર રહે, તો રોકાણકાર નફો કરે છે. અન્યથા તે નુકસાન કરી શકે છે. મહત્તમ નુકસાન એ સ્ટ્રાઇકમાં તફાવત છે જે ઓછું નેટ ક્રેડિટ પ્રાપ્ત થયું છે. જ્યારે સ્ટૉક/ઇન્ડેક્સ ટ્રેન્ડ ઉપર અથવા રેન્જ બાઉન્ડ હોય ત્યારે આ વ્યૂહરચનાને અપનાવવી જોઈએ. ચાલો આને એક ઉદાહરણ સાથે સમજીએ.\u003c/p\u003e\u003cp\u003e\u003cspan style=\u0022color: #000080\u0022\u003e\u003cstrong\u003eક્યારે ઉપયોગ કરવો\u003c/strong\u003e:\u003c/span\u003e જ્યારે રોકાણકાર મધ્યમ રીતે બુલિશ હોય\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cspan style=\u0022color: #000080\u0022\u003eજોખમ\u003c/span\u003e\u003c/strong\u003e: મર્યાદિત. મહત્તમ નુકસાન થાય છે જ્યાં અંતર્નિહિત નીચલી હડતાલના સ્તર પર અથવા નીચે આવે છે\u003c/p\u003e\u003cp\u003e\u003cstrong\u003e\u003cspan style=\u0022color: #000080\u0022\u003eરિવૉર્ડ: \u003c/span\u003e\u003c/strong\u003eચોખ્ખી પ્રીમિયમ ક્રેડિટ સુધી મર્યાદિત. મહત્તમ નફો ત્યારે થાય છે જ્યાં અંડરલાઇંગ ઉચ્ચ હડતાલના સ્તર સુધી વધે છે અથવા તેનાથી વધુ.\u003cbr /\u003e\u003cspan style=\u0022color: #000080\u0022\u003e\u003cstrong\u003eબ્રેકઇવન\u003c/strong\u003e:\u003c/span\u003e શોર્ટ પુટની સ્ટ્રાઇક કિંમત - નેટ પ્રીમિયમ પ્રાપ્ત થયું\u003cbr /\u003e\u003cspan style=\u0022color: #000080\u0022\u003e\u003cstrong\u003eઉદાહરણ-\u003c/strong\u003e\u003c/span\u003e શ્રી XYZ ₹ 21.45 ના પ્રીમિયમ પર ₹ 16000 ની સ્ટ્રાઇક પ્રાઇસ સાથે નિફ્ટી પુટ વિકલ્પ વેચે છે અને જ્યારે વર્તમાન નિફ્ટી 16191.10 પર હોય ત્યારે ₹ 3.00 ના પ્રીમિયમ પર ₹ 16800 ની સ્ટ્રાઇક પ્રાઇસ સાથે વધુ OTM નિફ્ટી પુટ વિકલ્પ ખરીદે છે, બંને વિકલ્પો 31 માર્ચના રોજ સમાપ્ત થાય છે\u003cbr /\u003e\u003cbr /\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd colspan=\u00223\u0022 width=\u0022601\u0022\u003e\u003cp style=\u0022text-align: center\u0022\u003e\u003cstrong\u003eવ્યૂહરચના: એક પુટ વેચો + એક પુટ 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width=\u0022140\u0022\u003e\u003cp\u003e-3\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e21.45\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e18.45\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e16800\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022140\u0022\u003e\u003cp\u003e-3\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022160\u0022\u003e\u003cp\u003e21.45\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022161\u0022\u003e\u003cp\u003e18.45\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003eવ્યૂહરચના રોકાણકાર માટે ચોખ્ખી આવકની કમાણી કરે છે તેમજ વેચાયેલા મૂકવાના નુકસાનના જોખમને મર્યાદિત કરે છે.\u003cbr /\u003eમહત્વપૂર્ણ મુદ્દાઓ:\u003cbr /\u003e– જો નિફ્ટી 15800 થી નીચે સમાપ્ત થાય તો વ્યૂહરચના નુકસાન કરે છે. જો કે, નુકસાન ₹181.55 સુધી મર્યાદિત છે\u003cbr /\u003e– જ્યારે માર્કેટ 15900 પર સમાપ્ત થાય ત્યારે બ્રેકઇવન પોઇન્ટ (જ્યાં સ્ટ્રેટેજી ન તો નફો અથવા નુકસાન કરે છે) પ્રાપ્ત થાય છે. તેથી આપણે ઉચ્ચ હડતાલ તરીકે ફેલાયેલા બુલ માટે બ્રેકઇવન પોઇન્ટને સામાન્ય બનાવી શકીએ છીએ - નેટ ક્રેડિટ\u003cbr /\u003e– જો માર્કેટ 15981.55 થી વધુ હોય તો વ્યૂહરચના પૈસા કમાવે છે, જો કે પ્રાપ્ત કરી શકાય તેવો મહત્તમ નફો ₹18.45 છે, એટલે કે ITM PE માટે પ્રાપ્ત પ્રીમિયમ અને OTM PE માટે ચૂકવેલ પ્રીમિયમ વચ્ચેનો તફાવત\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003c/div\u003e\u003cdiv id=\u0027text_slider_slide03\u0027 class=\u0027sa_hover_container\u0027 data-hash=\u0027LONG-CALL-BUTTERFLY\u0027 style=\u0027padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; \u0027\u003e\u003ch3 style=\u0022text-align: left\u0022\u003e\u003cstrong\u003e\u003cspan style=\u0022color: #f1566d\u0022\u003e9.3 લોંગ-કૉલ-બટરફ્લાય\u003c/span\u003e\u003c/strong\u003e\u003c/h3\u003e\u003cp\u003e\u003cimg decoding=\u0022async\u0022 class=\u0022size-medium wp-image-29471 aligncenter\u0022 src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/04/9.3-300x300.png\u0022 alt=\u0022\u0022 width=\u0022300\u0022 height=\u0022300\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/04/9.3-300x300.png 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.3-1024x1024.png 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.3-150x150.png 150w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.3-768x768.png 768w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.3-50x50.png 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.3-100x100.png 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.3-96x96.png 96w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.3.png 1080w\u0022 sizes=\u0022(max-width: 300px) 100vw, 300px\u0022 /\u003e\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eજ્યારે રોકાણકાર સ્ટૉકની કિંમતમાં ખૂબ જ ઓછી હિલચાલની અપેક્ષા રાખે છે ત્યારે લાંબા સમય સુધી બટરફ્લાયને અપનાવવામાં આવે છે. રોકાણકાર ઓછા ખર્ચે ઓછી અસ્થિરતાથી લાભ મેળવવા માંગે છે. વ્યૂહરચના ઓછા ખર્ચ સાથે સારો જોખમ/રિવૉર્ડ રેશિયો પ્રદાન કરે છે. \u003cbr /\u003eલાંબા બટરફ્લાય એ તમારા નુકસાનને સિવાય ટૂંકા સ્ટ્રૅડલ જેવું જ છે. વ્યૂહરચના આ દ્વારા કરી શકાય છે:\u003cbr /\u003ea) 2 એટીએમ કૉલ્સનું વેચાણ, \u003cbr /\u003eb) 1 ITM કૉલ ખરીદવો, અને\u003cbr /\u003ec) 1 OTM કૉલ વિકલ્પો ખરીદવા (હડતાલની કિંમતો વચ્ચે સમાનતા હોવી જોઈએ). \u003cbr /\u003eજો સ્ટૉક/ઇન્ડેક્સ રેન્જ બાઉન્ડ રહે તો પરિણામ સકારાત્મક છે. જો કે આ વ્યૂહરચનામાં મહત્તમ રિવૉર્ડ પ્રતિબંધિત છે અને જ્યારે સ્ટૉક સમાપ્તિ પર મધ્યમ હડતાલ પર હોય ત્યારે થાય છે. મહત્તમ નુકસાન પણ મર્યાદિત છે.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eચાલો વ્યૂહરચનાને સમજવા માટે એક ઉદાહરણ જોઈએ:\u003c/strong\u003e\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eક્યારે ઉપયોગ કરવો:\u003c/strong\u003e જ્યારે રોકાણકાર બજારની દિશામાં તટસ્થ હોય અને અસ્થિરતા પર અસર કરે છે\u003cbr /\u003e\u003cstrong\u003eજોખમ:\u003c/strong\u003e નેટ ડેબિટ ચૂકવેલ છે\u003cbr /\u003e\u003cstrong\u003eરિવૉર્ડ:\u003c/strong\u003e આજુબાજુની હડતાલ વચ્ચેનો તફાવત માઇનસ નેટ ડેબિટ\u003cbr /\u003e\u003cstrong\u003eબ્રેક ઇવન પૉઇન્ટ:\u003c/strong\u003e\u003cbr /\u003e– અપર બ્રેકઇવન પૉઇન્ટ = ઉચ્ચ સ્ટ્રાઇક લોન્ગ કૉલની સ્ટ્રાઇક કિંમત - ચોખ્ખું પ્રીમિયમ ચૂકવેલ છે\u003cbr /\u003e– લોઅર બ્રેકઇવન પૉઇન્ટ = લોઅર સ્ટ્રાઇક લોન્ગ કૉલની સ્ટ્રાઇક કિંમત + ચૂકવેલ નેટ પ્રીમિયમ\u003cbr /\u003e\u003cstrong\u003eઉદાહરણ:\u003c/strong\u003e\u003cbr /\u003eનિફ્ટી 16200 પર છે. શ્રી XYZ નિફ્ટીમાં ખૂબ જ ઓછી ગતિની અપેક્ષા રાખે છે. તેઓ ₹ 97.90 ના પ્રીમિયમ પર ₹ 16200 ની સ્ટ્રાઇક પ્રાઇસ સાથે 2 ATM નિફ્ટી કૉલ વિકલ્પો વેચે છે, ₹ 141.55 ના પ્રીમિયમ પર ₹ 16100 ની સ્ટ્રાઇક પ્રાઇસ સાથે 1 ITM નિફ્ટી કૉલ વિકલ્પ ખરીદે છે અને 1 ખરીદે છે \u003cspan style=\u0022color: #000000\u0022\u003e₹64 ના પ્રીમિયમ પર ₹16300 ની સ્ટ્રાઇક કિંમત સાથે OTM નિફ્ટી કૉલ વિકલ્પ. નેટ ડેબિટ ₹9.75 છે\u003c/span\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd colspan=\u00223\u0022 width=\u0022601\u0022\u003e\u003cp style=\u0022text-align: center\u0022\u003e\u003cspan style=\u0022color: #000080\u0022\u003e\u003cstrong\u003eવ્યૂહરચના: 2 એટીએમ કૉલ વેચો, 1 આઇટીએમ કૉલ વિકલ્પ ખરીદો અને 1 ઓટીએમ કૉલ વિકલ્પ ખરીદો\u003c/strong\u003e\u003c/span\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eનિફ્ટી ઇન્ડેક્સ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eવર્તમાન મૂલ્ય\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16200\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e2 એટીએમ કૉલ વિકલ્પ વેચો\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eસ્ટ્રાઇક પ્રાઇસ (₹)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16200\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eશ્રી XYZ પ્રાપ્ત કરે છે\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eપ્રીમિયમ (રૂ.)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e195.80\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e1 ITM કૉલ વિકલ્પ ખરીદો\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eસ્ટ્રાઇક પ્રાઇસ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16100\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eશ્રી XYZ ચુકવણીઓ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eપ્રીમિયમ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e141.55\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e1 OTM કૉલ વિકલ્પ ખરીદો\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eસ્ટ્રાઇક પ્રાઇસ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16300\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eશ્રી XYZ ચુકવણીઓ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eપ્રીમિયમ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eનેટ ડેબિટ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e195.80-141.55-64=9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eબ્રેકઇવન પૉઇન્ટ (ઉપર)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16290.25\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eબ્રેકઇવન પૉઇન્ટ (ઓછું)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16109.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u003cspan style=\u0022color: #000000\u0022\u003e\u003cstrong\u003eપેઑફ શેડ્યૂલ\u003c/strong\u003e\u003c/span\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e\u003cstrong\u003eસમાપ્તિ પર નિફ્ટી બંધ થાય છે\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e\u003cstrong\u003eવેચાયેલ 2 ATM કૉલમાંથી ચોખ્ખી ચુકવણી (₹)\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e\u003cstrong\u003eખરીદેલ 1 ITM કૉલમાંથી ચોખ્ખી ચુકવણી (₹)\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e\u003cstrong\u003eખરીદેલ 1 OTM કૉલમાંથી ચોખ્ખી ચુકવણી (₹)\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e\u003cstrong\u003eનેટ પેઑફ (₹)\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e15700\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e195.80\u003c/p\u003e\u003c/td\u003e\u003ctd 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width=\u0022127\u0022\u003e\u003cp\u003e-64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16000\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e-141.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e-64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16100\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e-141.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e-64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16109.75\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e-131.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e-64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16200\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e-41.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e-64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e90.25\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd 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width=\u0022127\u0022\u003e\u003cp\u003e436\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16900\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e-1204.20\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e658.45\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e536\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003eઉપરના ચાર્ટમાં, બ્રેકઅવન થાય છે, જ્યારે નિફ્ટી 16109.75 અથવા 16290.25 ને પાર કરે છે. રિવૉર્ડ ₹90.25 સુધી મર્યાદિત છે અને જોખમ ₹9.75 સુધી મર્યાદિત છે.\u003c/p\u003e\u003c/div\u003e\u003cdiv id=\u0027text_slider_slide04\u0027 class=\u0027sa_hover_container\u0027 data-hash=\u0027SHORT-CALL-BUTTERFLY\u0027 style=\u0027padding:4.9% 5%; margin:0px 0%; background-color:rgb(255, 255, 255); min-height:400px; \u0027\u003e\u003ch3 style=\u0022text-align: left\u0022\u003e\u003cstrong\u003e\u003cspan style=\u0022color: #f1566d\u0022\u003e9.4 શોર્ટ કૉલ બટરફ્લાય\u003c/span\u003e\u003c/strong\u003e\u003c/h3\u003e\u003cp\u003e\u003cimg loading=\u0022lazy\u0022 decoding=\u0022async\u0022 class=\u0022alignnone size-medium wp-image-29472 aligncenter\u0022 src=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/04/9.4-300x300.png\u0022 alt=\u0022\u0022 width=\u0022300\u0022 height=\u0022300\u0022 srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2022/04/9.4-300x300.png 300w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.4-1024x1024.png 1024w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.4-150x150.png 150w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.4-768x768.png 768w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.4-50x50.png 50w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.4-100x100.png 100w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.4-96x96.png 96w, https:/www.5paisa.com/finschool/wp-content/uploads/2022/04/9.4.png 1080w\u0022 sizes=\u0022(max-width: 300px) 100vw, 300px\u0022 /\u003e\u003c/p\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003eશોર્ટ કૉલ બટરફ્લાય એ અસ્થિર બજારો માટે એક વ્યૂહરચના છે. તે લોન્ગ કૉલ બટરફ્લાયની વિરુદ્ધ છે, જે રેન્જ બાઉન્ડ સ્ટ્રેટેજી છે.\u003c/p\u003e\u003cp\u003eશોર્ટ કૉલ બટરફ્લાયનું નિર્માણ આ દ્વારા કરી શકાય છે:\u003c/p\u003e\u003cp\u003ea- મની કૉલમાં એક નીચું સ્ટ્રાઇકિંગ વેચવું,\u003c/p\u003e\u003cp\u003eb- બે ખરીદી રહ્યા છીએ--મની કૉલ્સ અને\u003c/p\u003e\u003cp\u003ec- મની કૉલની બહાર અન્ય ઉચ્ચ હડતાલ વેચવી, રોકાણકારને ચોખ્ખી ક્રેડિટ આપે છે (તેથી તે એક આવક વ્યૂહરચના છે).\u003c/p\u003e\u003cp\u003eદરેક હડતાલ વચ્ચે સમાન અંતર હોવું જોઈએ. જો સ્ટૉક/ઇન્ડેક્સમાં મોટી ચાલ હોય તો પરિણામી સ્થિતિ નફાકારક રહેશે. જો સ્ટૉક/ઇન્ડેક્સ સમાપ્તિ પર મધ્યમ હડતાલ પર હોય તો મહત્તમ જોખમ થાય છે. જો સ્ટૉકની સમાપ્તિ પર ઉપરની અને નીચી સ્ટ્રાઇકની કિંમતોની બંને બાજુ પૂર્ણ થાય તો મહત્તમ નફો થાય છે. જો કે, આ વ્યૂહરચના સ્ટ્રેડલની તુલનામાં ખૂબ જ નાનું વળતર પ્રદાન કરે છે, માત્ર થોડું ઓછું જોખમ ધરાવતા સંઘર્ષો.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eક્યારે ઉપયોગ કરવો:\u003c/strong\u003e તમે બજારની દિશામાં તટસ્થ છો અને અસ્થિરતા પર બુલિશ છો. ન્યુટ્રલનો અર્થ એ છે કે તમે માર્કેટ કોઈપણ દિશામાં આગળ વધવાની અપેક્ષા રાખો - એટલે કે બુલિશ અને બેરિશ.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eજોખમ\u003c/strong\u003e– નજીકના હડતાલ વચ્ચેના ચોખ્ખા તફાવત સુધી મર્યાદિત (આ ઉદાહરણમાં ₹100) પદ માટે પ્રાપ્ત થયેલ પ્રીમિયમ ઓછું.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eરિવૉર્ડ\u003c/strong\u003e– ઓપ્શન સ્પ્રેડ માટે પ્રાપ્ત થયેલ નેટ પ્રીમિયમ સુધી મર્યાદિત.\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eબ્રેક ઇવન પૉઇન્ટ:\u003c/strong\u003e\u003c/p\u003e\u003cul\u003e\u003cli\u003eઅપર બ્રેકઇવન પૉઇન્ટ = સૌથી વધુ સ્ટ્રાઇક શોર્ટ કૉલની સ્ટ્રાઇક કિંમત - નેટ પ્રીમિયમ પ્રાપ્ત થયું\u003c/li\u003e\u003cli\u003eલોઅર બ્રેકઇવન પૉઇન્ટ = સૌથી ઓછા સ્ટ્રાઇક શોર્ટ કૉલની સ્ટ્રાઇક પ્રાઇસ + નેટ પ્રીમિયમ પ્રાપ્ત થયું\u003c/li\u003e\u003c/ul\u003e\u003cp\u003e\u003cstrong\u003eઉદાહરણ:\u003c/strong\u003e\u003c/p\u003e\u003cp\u003eનિફ્ટી 16200 પર છે. શ્રી XYZ નિફ્ટીમાં મોટી અસ્થિરતાની અપેક્ષા રાખે છે, પછી ભલે તે દિશામાં ગતિ, ઉપર અથવા નીચેની તરફ હોય. શ્રી XYZ ₹ 97.90 ના પ્રીમિયમ પર ₹ 16200 ની સ્ટ્રાઇક પ્રાઇસ સાથે 2 ATM નિફ્ટી કૉલ વિકલ્પો ખરીદે છે, ₹ 141.55 ના પ્રીમિયમ પર ₹ 16100 ની સ્ટ્રાઇક પ્રાઇસ સાથે 1 ITM નિફ્ટી કૉલ વિકલ્પ વેચે છે અને ₹ 64 ના પ્રીમિયમ પર ₹ 16300 ની સ્ટ્રાઇક પ્રાઇસ સાથે 1 OTM નિફ્ટી કૉલ વિકલ્પ વેચે છે. ચોખ્ખી ક્રેડિટ ₹9.75 છે.\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd colspan=\u00223\u0022 width=\u0022601\u0022\u003e\u003cp\u003e\u003cstrong\u003eવ્યૂહરચના: 2 એટીએમ કૉલ વિકલ્પો ખરીદો, 1 આઇટીએમ કૉલ વિકલ્પ વેચો અને 1 ઓટીએમ કૉલ વિકલ્પ વેચો\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eનિફ્ટી ઇન્ડેક્સ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eવર્તમાન મૂલ્ય\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16200\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e2 ATM કૉલ વિકલ્પ ખરીદો\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eસ્ટ્રાઇક પ્રાઇસ (₹)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16200\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eશ્રી XYZ ચુકવણીઓ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eપ્રીમિયમ (રૂ.)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e195.80\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e1 ITM કૉલ વિકલ્પ વેચો\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eસ્ટ્રાઇક પ્રાઇસ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16100\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eશ્રી XYZ પ્રાપ્ત કરે છે\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eપ્રીમિયમ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e141.55\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e1 OTM કૉલ વિકલ્પ વેચો\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eસ્ટ્રાઇક પ્રાઇસ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16300\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eશ્રી XYZ ચુકવણીઓ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eપ્રીમિયમ\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eબ્રેકઇવન પૉઇન્ટ (ઉપર)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16290.25\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003eબ્રેકઇવન પૉઇન્ટ (ઓછું)\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022200\u0022\u003e\u003cp\u003e16109.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003c/tbody\u003e\u003c/table\u003e\u003cp\u003e\u0026nbsp;\u003c/p\u003e\u003cp\u003e\u003cstrong\u003eપેઑફ શેડ્યૂલ\u003c/strong\u003e\u003c/p\u003e\u003ctable\u003e\u003ctbody\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e\u003cstrong\u003eસમાપ્તિ પર નિફ્ટી બંધ થાય છે\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e\u003cstrong\u003eખરીદેલ 2 ATM કૉલમાંથી ચોખ્ખી ચુકવણી (₹)\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e\u003cstrong\u003eવેચાયેલ 1 ITM કૉલમાંથી ચોખ્ખી ચુકવણી (₹)\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e\u003cstrong\u003eવેચાયેલ 1 OTM કૉલમાંથી ચોખ્ખી ચુકવણી (₹)\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e\u003cstrong\u003eનેટ પેઑફ (₹)\u003c/strong\u003e\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e15700\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e-195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e141.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e15800\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e-195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e141.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e15900\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e-195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e141.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16000\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e-195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e141.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16100\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e-195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e141.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e-9.75\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16109.75\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e-195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e131.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e0\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd width=\u0022113\u0022\u003e\u003cp\u003e16200\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022117\u0022\u003e\u003cp\u003e-195.80\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022128\u0022\u003e\u003cp\u003e-41.55\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022127\u0022\u003e\u003cp\u003e64\u003c/p\u003e\u003c/td\u003e\u003ctd width=\u0022115\u0022\u003e\u003cp\u003e90.25\u003c/p\u003e\u003c/td\u003e\u003c/tr\u003e\u003ctr\u003e\u003ctd 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srcset=\u0022https://www.5paisa.com/gujarati/finschool/wp-content/uploads/2021/10/coming-soon-person-g8026473a8_1920-removebg-preview.png 612w, https:/www.5paisa.com/finschool/wp-content/uploads/2021/10/coming-soon-person-g8026473a8_1920-removebg-preview-300x200.png 300w\u0022 sizes=\u0022(max-width: 612px) 100vw, 612px\u0022 /\u003e\u003c/p\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/section\u003e\u003c/div\u003e\u003c/div\u003e\u003c/div\u003e\u003c/section\u003e\u003c/div\u003e","protected":false},"excerpt":{"rendered":"\u003cp\u003eસ્ટડી સ્લાઇડ્સ વિડિઓ 9.1 બુલ કૉલ સ્પ્રેડ in-the-money (ITM) કૉલ ઓપ્શન ખરીદીને અને અન્ય out-of-the-money (OTM) કૉલ ઓપ્શન વેચીને બુલ કૉલ સ્પ્રેડનું નિર્માણ કરવામાં આવે છે. ઘણીવાર ઓછી સ્ટ્રાઇક કિંમત સાથે કૉલ in-the-money હશે જ્યારે ઉચ્ચ સ્ટ્રાઇક કિંમત સાથેનો કૉલ out-of-the-money છે. બંને કૉલ્સ સમાન હોવા જોઈએ... \u003ca title=\u0022Understand Option Trading 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