 "Derivative strategy for SBI from Motilal Oswal")
Option Strategy :
SBIN: Modified Bull Call Spread
Sell Oct 270 CE 1 lot
Sell Oct 250 PE 1 lot
Target: Rs 12000
Stop Loss: Rs 2000
Hedge: Below 250
Rationale: SBI is in long-long unwinding cycle. Option data suggest upward shift in option band. Further unwinding in 260 CE could lead to upbeat in the stock. Considering positive outlook, Modified Bull 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. MOSL 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. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.
Sacchitanand Uttekar is an Equity Technical Analyst at Motilal Oswal Securities
SBIN: Modified Bull Call Spread
Also Read
Buy Oct 265 CE 1lot
Sell Oct 270 CE 1 lot
Sell Oct 250 PE 1 lot
Target: Rs 12000
Stop Loss: Rs 2000
Hedge: Below 250
Rationale: SBI is in long-long unwinding cycle. Option data suggest upward shift in option band. Further unwinding in 260 CE could lead to upbeat in the stock. Considering positive outlook, Modified Bull 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. MOSL 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. MOSL or its associate might be involved in market making for the subject company or have potential conflict of interest.
Sacchitanand Uttekar is an Equity Technical Analyst at Motilal Oswal Securities
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