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| Discuss Profit/loss calc at expiry if future price is less than cash price at the Futures within the Traderji.com - Discussion forum for Stocks Commodities & Forex; What would be the profit/loss if one would have purchased reliance futures at 1271.10 and ... |
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#1
28th December 2006, 04:02 PM
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Profit/loss calc at expiry if future price is less than cash price
What would be the profit/loss if one would have purchased reliance futures at 1271.10 and not sell the position at expiry date
Ref: http://nseindia.com/marketinfo/fo/fo...p?key=RELIANCE RELIANCE DEC FUTURE as on 28 Dec 2006 High Price:1303.50 Low Price: 1271.10 ( purchase price) Last Price: 1274.60 ( last traded price on expiry) Cash Price: 1284.95 ( Closing price in cash on expiry date) Last edited by wcnw; 28th December 2006 at 04:25 PM. Reason: added more info 
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#2
28th December 2006, 04:54 PM
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Re: Profit/loss calc at expiry if future price is less than cash price
I think the closing price of Reliance is 1274.7. On expiry day, the near month futures get settled at the underlying price. The lot size of Reliance is 300. So your profit would be 300*(1274.7-1271.1) = Rs. 1080 excluding brokerage, STT etc.
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#3
28th December 2006, 05:01 PM
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Re: Profit/loss calc at expiry if future price is less than cash price
Thanks ivanboesky.. I appreciate your immediate reply to the query
In general, I understand the calculation now to be as lot size * ( closing price in cash mkt - future purchase price)
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#4
28th December 2006, 08:53 PM
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Re: Profit/loss calc at expiry if future price is less than cash price
That is the correct formula to be used on the expiry day.
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