YES BANK
CMP 194.20
- The stock is trading between 20 day EMA and 50 day EMA just before result announcement
- in our previous post on Yes Bank when the stock was at similar levels we had suggested that below 190 the stock may fall up to 182 (low made was 181.50) and above 198 there is a strong possibility of stock rising up to 208 (high made thereafter 209.55)
Given the movement of yo-yo trade between 180-210 and current setup of trading between 20 day EMA and 50 day EMA there is a good possibility of Yes Bank continuing its consolidation and closing in the same range of 180-210 in Jan series
- One may consider the following strategy for YES BANK
Short strangle strategy
Sell Yes Bank Jan expiry 210 Call option around 4.5
&
Sell Yes Bank Jan expiry 180 Put option around 4.5
Lot size 1750
Total incoming 1750 *(4.5+4.5) = Rs 15750/-
Maximum profit if Yes Bank is closing anywhere between 180-210
Loss if stock is closing below 171 or above 219 on 31st January 2019
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CMP 194.20
- The stock is trading between 20 day EMA and 50 day EMA just before result announcement
- in our previous post on Yes Bank when the stock was at similar levels we had suggested that below 190 the stock may fall up to 182 (low made was 181.50) and above 198 there is a strong possibility of stock rising up to 208 (high made thereafter 209.55)
Given the movement of yo-yo trade between 180-210 and current setup of trading between 20 day EMA and 50 day EMA there is a good possibility of Yes Bank continuing its consolidation and closing in the same range of 180-210 in Jan series
- One may consider the following strategy for YES BANK
Short strangle strategy
Sell Yes Bank Jan expiry 210 Call option around 4.5
&
Sell Yes Bank Jan expiry 180 Put option around 4.5
Lot size 1750
Total incoming 1750 *(4.5+4.5) = Rs 15750/-
Maximum profit if Yes Bank is closing anywhere between 180-210
Loss if stock is closing below 171 or above 219 on 31st January 2019
For more trading ideas from us, Do HIT the LIKE button and FOLLOW US
You can also ping us in private message for any stock specific queries.
Take care & safe trading...!!!
Trade closed manually:
Yes Bank
Strategy update
Stock has moved up
Yes Bank 210 Call option CMP 6.5
Yes Bank 180 Put option CMP 1.5
Current status 1750 *(9-8) =Rs1750
Strategy update
Stock has moved up
Yes Bank 210 Call option CMP 6.5
Yes Bank 180 Put option CMP 1.5
Current status 1750 *(9-8) =Rs1750
