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Derivative strategy on State Bank of India by MOSL

Derivative strategy on State Bank of India by Chandan Taparia of Motilal Oswal Securities

Chandan Taparia 

SBI, State Bank of India

Derivative strategy on by of Motilal Oswal Securities:
 
Option Strategy


 
Bear Put Spread : ( 23FEB 2017)
 
Buy 240 PE 1 lot
Sell 230 PE 1 lot
 
Rationale:

1. SBIN is consolidating in past few trading sessions with not much incremental participation

2. Highest Call concentration for Feb series is at 260 while move below 250 could see selling pressure accelerating

3. Expecting rise in volatility in coming sessions, low risk hedge strategy Bear Put Spread is recommended.
 
Profit: Rs 8,000 at 230       
Stop Loss: Rs.4,000 at 260                           
 
Disclaimer: ( ) is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. is in the process of getting registered under SEBI - Research Analyst Regulations. MOSL, the spokesperson or his relatives, do not have financial interest in the securities mentioned above. The spokesperson has not served as a director, employee or officer at the subject company in the last 12 months. or its associate might be involved in market making for the subject company or have potential conflict of interest.
 
Chandan Taparia is a Deivatives and Technical Analyst at

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Derivative strategy on State Bank of India by MOSL

Derivative strategy on State Bank of India by Chandan Taparia of Motilal Oswal Securities

Derivative strategy on State Bank of India by Chandan Taparia of Motilal Oswal Securities Derivative strategy on by of Motilal Oswal Securities:
 
Option Strategy
 
Bear Put Spread : ( 23FEB 2017)
 
Buy 240 PE 1 lot
Sell 230 PE 1 lot
 
Rationale:

1. SBIN is consolidating in past few trading sessions with not much incremental participation

2. Highest Call concentration for Feb series is at 260 while move below 250 could see selling pressure accelerating

3. Expecting rise in volatility in coming sessions, low risk hedge strategy Bear Put Spread is recommended.
 
Profit: Rs 8,000 at 230       
Stop Loss: Rs.4,000 at 260                           
 
Disclaimer: ( ) is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. is in the process of getting registered under SEBI - Research Analyst Regulations. MOSL, the spokesperson or his relatives, do not have financial interest in the securities mentioned above. The spokesperson has not served as a director, employee or officer at the subject company in the last 12 months. or its associate might be involved in market making for the subject company or have potential conflict of interest.
 
Chandan Taparia is a Deivatives and Technical Analyst at

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Business Standard
177 22

Derivative strategy on State Bank of India by MOSL

Derivative strategy on State Bank of India by Chandan Taparia of Motilal Oswal Securities

Derivative strategy on by of Motilal Oswal Securities:
 
Option Strategy
 
Bear Put Spread : ( 23FEB 2017)
 
Buy 240 PE 1 lot
Sell 230 PE 1 lot
 
Rationale:

1. SBIN is consolidating in past few trading sessions with not much incremental participation

2. Highest Call concentration for Feb series is at 260 while move below 250 could see selling pressure accelerating

3. Expecting rise in volatility in coming sessions, low risk hedge strategy Bear Put Spread is recommended.
 
Profit: Rs 8,000 at 230       
Stop Loss: Rs.4,000 at 260                           
 
Disclaimer: ( ) is regulated by the Securities and Exchange Board of India ("SEBI") and is licensed to carry on the business of broking, depository services and related activities. is in the process of getting registered under SEBI - Research Analyst Regulations. MOSL, the spokesperson or his relatives, do not have financial interest in the securities mentioned above. The spokesperson has not served as a director, employee or officer at the subject company in the last 12 months. or its associate might be involved in market making for the subject company or have potential conflict of interest.
 
Chandan Taparia is a Deivatives and Technical Analyst at

image
Business Standard
177 22