2019MAY_YESBANK_NEUTRAL_SPREAD

May 3, 2019

YesBank neutral strategy for May expiry. Stock has corrected a lot before results and expected to consolidate before giving a decisive move. On upside its expected to get stiff resistance near its Fibonacci retracement levels of 211.6 and on downside 148 is likely to act as support. Expecting an expiry within 150-210 and hence created below neutral option spread.

-2x 30MAY2019 150CE - ₹ 29.75
-2x 30MAY2019 210PE - ₹ 39.25
Max. Profit ₹ +31,500 (150-200)
Max. Loss ₹ Undefined (> BEPS)
Breakevens 141.0-219.0

Margin - 3.75L (With Margin Discount)
ROI - 8.4% 150 < Expiry < 200

May 3, 2019

Note

You can track the payoff graph and live performance of the above spread using the below link.
opstra.definedge.com/strategy-builder/public/5ccb8fc83dcfd45c7bd24ae8

May 3, 2019

Note

Disclaimer: Objective of this post is to educate and help all members earn profit from trading. I am not a SEBI registered analyst and strongly recommend people not to trade in NSE/BSE/MCX market basis above recommendations. All the stock picks are momentum picks chosen using technical indicators and for education purpose only. I am not responsible for profit and losses or SEBI audits arising out of the above calls. Stock market trading and investment is subject to market risks. Contact your financial advisor before taking trades or trade at your own risk.

May 20, 2019

Note

Have added one inverted short strangle of 2x 130 CE and 140 PE when stock was trading at 130 for a premium of 27 rupees. Its done as part of adjustment (Averaging).

Jul 20, 2019

Note

Spread gave 28000 profit. Additional adjustments gave nearly 50k profit.