YES BANK STRATEGY for December series
Updated
YES BANK
CMP 173
The stock may face resistance around 200 odd levels and could find some support around 160 levels.
Given the setup one may consider the following strategy
Sell
YES BANK 190 CALL OPTION - cmp 8.5
&
YES BAK 150 PUT OPTION -cmp 9
The strategy provides a max profit potential of Rs 30625 on margin requirement of Rs 173000 (depending on your broker) Giving a yield potential of 17.7% till 27 December 2018 expiry
Max profit if stock closes anywhere in between 150 and 190 on 27 Dec 2018
Loss only if stock closes above 207.5 or goes below 132.5 on expiry day.
Take care and safe trading...!!!
CMP 173
The stock may face resistance around 200 odd levels and could find some support around 160 levels.
Given the setup one may consider the following strategy
Sell
YES BANK 190 CALL OPTION - cmp 8.5
&
YES BAK 150 PUT OPTION -cmp 9
The strategy provides a max profit potential of Rs 30625 on margin requirement of Rs 173000 (depending on your broker) Giving a yield potential of 17.7% till 27 December 2018 expiry
Max profit if stock closes anywhere in between 150 and 190 on 27 Dec 2018
Loss only if stock closes above 207.5 or goes below 132.5 on expiry day.
Take care and safe trading...!!!
Trade active
Yes bankCMP 176
Strategy update
190 call option CMP 9.5
150 put option CMP 5.1
Total profit so far...
1750*(17.5-14.6) = RS 5075
Take care and happy trading...!!!
Trade active
Yes Bank Strategy update190 Call option 7.25
150 Put option 6.25
Total profit so far
1750*(17.5-13.5) = Rs 7000
Take care and happy trading...!!!
Trade closed: target reached
Yes Bank strategy updateAt the beginning of the December month we had recommended a short strangle strategy for Yes Bank.
Despite all the drama surrounding Yes Bank, RBI and global concerns the strategy worked to perfection and yielded the desired results
190 Call option 0.20
150 Put option 0.05
Total profit in the strategy
1750*(17.5-0.25) = ₹ 30187.50
Consider booking profits...
Take care and enjoy!!!
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