IDEA CELLULAR
OPTION STRATEGIES
BUY APRIL 1 LOT 115 CE
SELL APRIL 1 LOT 120 CE
Target : Rs 7500
Stop Loss: Rs 2800
RATIONALE: Telecom sector saw long built up in March series and roll-over in line with 3M average. Idea have been in long- long Unwinding Cycle. Stock is trading near its highest Call strike and unwinding in 110 CE will augur fresh momentum towards 115-120 CE. Considering rising implied volatility , OTM Bull spread is recommended.
HINDUSTAN UNILEVER
HINDUNILVR: RATIO CALL SPREAD
BUY APRIL 880 CE 1 LOT
SELL APRIL 920 CE 2 LOTS
Target: Rs 6000
Stop Loss: Rs 2200
RATIONALE: Stock have seen accumulation in open interest in last few trading session with sideways price action. Immediate option band stands at 840-920. Considering low implied volatility and expectation of positive momentum, Ratio call spread is recommended
Disclaimer: Motilal Oswal Securities ( MOSL ) 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.Motilal Oswal Securities Limited is registered under SEBI (Research Analysts) Regulation 2014 SEBI Registration No :-INH000000412. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.
Shubham Agarwal is a head of Quantitative Research, Motilal Oswal Securities
OPTION STRATEGIES
Also Read
IDEA BULL CALL SPREAD
BUY APRIL 1 LOT 115 CE
SELL APRIL 1 LOT 120 CE
Target : Rs 7500
Stop Loss: Rs 2800
RATIONALE: Telecom sector saw long built up in March series and roll-over in line with 3M average. Idea have been in long- long Unwinding Cycle. Stock is trading near its highest Call strike and unwinding in 110 CE will augur fresh momentum towards 115-120 CE. Considering rising implied volatility , OTM Bull spread is recommended.
HINDUSTAN UNILEVER
HINDUNILVR: RATIO CALL SPREAD
BUY APRIL 880 CE 1 LOT
SELL APRIL 920 CE 2 LOTS
Target: Rs 6000
Stop Loss: Rs 2200
RATIONALE: Stock have seen accumulation in open interest in last few trading session with sideways price action. Immediate option band stands at 840-920. Considering low implied volatility and expectation of positive momentum, Ratio call spread is recommended
Disclaimer: Motilal Oswal Securities ( MOSL ) 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.Motilal Oswal Securities Limited is registered under SEBI (Research Analysts) Regulation 2014 SEBI Registration No :-INH000000412. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.
Shubham Agarwal is a head of Quantitative Research, Motilal Oswal Securities
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