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Expiry Derivative Strategy
23rd July 2015
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
View – Bullish
Pay off : Max. Profit of 6,500 Max. Loss of 3,500 BEP- 1374
Expiry Date - 30th July 2015
Margin as per requirement.
BUY
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Prem.
Buy 250 1360 July CE 20
Sell 250 1400 July CE 6
M&M : CMP 1360 Bull Call Spread Pay-Off Table
M&M PAY-OFF
1320 -14
1340 -14
1360 -14
1380 6
1400 26
1420 26
1440 26
1460 26
Pay off with Chart
P
R
O
F
I
T
/
L
O
S
S
* Please Refer Disclaimer on Websitewww.choiceindia.com
Expiry Derivative Strategy
23rd July 2015
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
Contact Us
www.choiceindia.comKunal Parmar
Research Associate
kunal.parmar@choiceindia.com
Vikas Chaudhari
Research Associate
vikas.chaudhari@choiceindia.com
www.choiceindia.comcustomercare@choiceindia.com
Disclaimer
This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial
instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in
any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but
Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the
information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast
future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations
issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on
information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility
or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without
notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended
purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may
be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is
strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current
performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee
against the loss of your entire investment.
POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock /
Instrument (s): - No.
Chandrakant Maske
Research Associate
chandrakant.maske@choiceindia.com
Amit Pathania
Research Associate
amit.pathania@choiceindia.com

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Expiry Derivative Strategy: M&M LTD

  • 1. Expiry Derivative Strategy 23rd July 2015 SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds View – Bullish Pay off : Max. Profit of 6,500 Max. Loss of 3,500 BEP- 1374 Expiry Date - 30th July 2015 Margin as per requirement. BUY SELL QTY STRIKE PRICE SERIES OPTION TYPE Prem. Buy 250 1360 July CE 20 Sell 250 1400 July CE 6 M&M : CMP 1360 Bull Call Spread Pay-Off Table M&M PAY-OFF 1320 -14 1340 -14 1360 -14 1380 6 1400 26 1420 26 1440 26 1460 26 Pay off with Chart P R O F I T / L O S S * Please Refer Disclaimer on Websitewww.choiceindia.com
  • 2. Expiry Derivative Strategy 23rd July 2015 SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds Contact Us www.choiceindia.comKunal Parmar Research Associate kunal.parmar@choiceindia.com Vikas Chaudhari Research Associate vikas.chaudhari@choiceindia.com www.choiceindia.comcustomercare@choiceindia.com Disclaimer This is solely for information of clients of Choice Broking and does not construe to be an investment advice. It is also not intended as an offer or solicitation for the purchase and sale of any financial instruments. Any action taken by you on the basis of the information contained herein is your responsibility alone and Choice Broking its subsidiaries or its employees or associates will not be liable in any manner for the consequences of such action taken by you. We have exercised due diligence in checking the correctness and authenticity of the information contained in this recommendation, but Choice Broking or any of its subsidiaries or associates or employees shall not be in any way responsible for any loss or damage that may arise to any person from any inadvertent error in the information contained in this recommendation or any action taken on basis of this information. Technical analysis studies market psychology, price patterns and volume levels. It is used to forecast future price and market movements. Technical analysis is complementary to fundamental analysis and news sources. The recommendations issued herewith might be contrary to recommendations issued by Choice Broking in the company research undertaken as the recommendations stated in this report is derived purely from technical analysis. Choice Broking has based this document on information obtained from sources it believes to be reliable but which it has not independently verified; Choice Broking makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. The opinions contained within the report are based upon publicly available information at the time of publication and are subject to change without notice. The information and any disclosures provided herein are in summary form and have been prepared for informational purposes. The recommendations and suggested price levels are intended purely for trading purposes. The recommendations are valid for the day of the report however trading trends and volumes might vary substantially on an intraday basis and the recommendations may be subject to change. The information and any disclosures provided herein may be considered confidential. Any use, distribution, modification, copying, forwarding or disclosure by any person is strictly prohibited. The information and any disclosures provided herein do not constitute a solicitation or offer to purchase or sell any security or other financial product or instrument. The current performance may be unaudited. Past performance does not guarantee future returns. There can be no assurance that investments will achieve any targeted rates of return, and there is no guarantee against the loss of your entire investment. POTENTIAL CONFLICT OF INTEREST DISCLOSURE (as on date of report) Disclosure of interest statement – • Analyst interest of the stock /Instrument(s): - No. • Firm interest of the stock / Instrument (s): - No. Chandrakant Maske Research Associate chandrakant.maske@choiceindia.com Amit Pathania Research Associate amit.pathania@choiceindia.com