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Expiry Derivative Strategy
15th JAN 2016
SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds
View – Bullish
Max. Profit of Rs. 23100, Approx. Loss of Rs. 6300 at SL level of 658
Expiry Date - 28th JAN 2016
Future
BUY /
SELL
QTY SERIES TYPE Market Price
Buy 700 JAN Fut 678
Option
BUY /
SELL
QTY
STRIKE
PRICE
SERIES
OPTION
TYPE
Premium
Sell 700 700 JAN CE 11
YESBANK CMP : 677 Covered Call Pay-Off Table
Pay off with Chart
P
R
O
F
I
T
/
L
O
S
S
* Please Refer Disclaimer on Websitewww.choiceindia.com
Margin as per requirement.
YESBANK PAY-OFF
628 -39
638 -29
648 -19
658 -9
668 1
678 11
688 21
698 31
700 33
710 33
720 33
-50.00
-40.00
-30.00
-20.00
-10.00
0.00
10.00
20.00
30.00
40.00
628.00 638.00 648.00 658.00 668.00 678.00 688.00 698.00 708.00 718.00 728.00
Expiry Derivative Strategy
15th JAN 2016
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.
Kapil Shah
Research Associate
kapil.shah@choiceindia.com
Amit Pathania
Research Associate
amit.pathania@choiceindia.com

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YESBANK Derivative Expiry Strategy

  • 1. Expiry Derivative Strategy 15th JAN 2016 SEBI Certified – Research Analyst Equities I Commodities I Currencies I Mutual Funds View – Bullish Max. Profit of Rs. 23100, Approx. Loss of Rs. 6300 at SL level of 658 Expiry Date - 28th JAN 2016 Future BUY / SELL QTY SERIES TYPE Market Price Buy 700 JAN Fut 678 Option BUY / SELL QTY STRIKE PRICE SERIES OPTION TYPE Premium Sell 700 700 JAN CE 11 YESBANK CMP : 677 Covered Call Pay-Off Table Pay off with Chart P R O F I T / L O S S * Please Refer Disclaimer on Websitewww.choiceindia.com Margin as per requirement. YESBANK PAY-OFF 628 -39 638 -29 648 -19 658 -9 668 1 678 11 688 21 698 31 700 33 710 33 720 33 -50.00 -40.00 -30.00 -20.00 -10.00 0.00 10.00 20.00 30.00 40.00 628.00 638.00 648.00 658.00 668.00 678.00 688.00 698.00 708.00 718.00 728.00
  • 2. Expiry Derivative Strategy 15th JAN 2016 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. Kapil Shah Research Associate kapil.shah@choiceindia.com Amit Pathania Research Associate amit.pathania@choiceindia.com