F&O strategies for Dish TV, TVS Motors

Check out a few F&O strategies from Shubham Agarwal of Motilal Oswal Securities

DISHTV
Option Strategy: PROTECTED RATIO SPREAD

BUY 1 LOT 105 CE, SELL 2 LOTS 110 CE, BUY 1 LOT 115 CE

Target Profit : Rs 7,000

Stop Loss : IRs 2,300

Stock has started seeing short covering, Options OI indicate the same could continue with Heaviest Put, being as close as 100. On the upside headroom remains open till 110. Considering the view and the limited days to expiry Protected Ratio is recommended

TVS MOTOR
OPTION STRATEGY: LONG CALL BUTTERFLY

BUY 1 LOT NOV 300 CE

SELL 2 LOTS NOV 310 CE

BUY 1 LOT NOV 320 CE

TARGET PROFIT: Rs 5,000

STOP LOSS: Rs 1,700

The stock is in Long-Long unwinding structure, keeping the outlook positive. Considering the heavy built-up in 300 Call, it might take a few sessions to unfold a fresh move, hence the Butterfly is deployed, to be immune of fast decaying time value, while the stock consolidates.   

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.

Shubham Agarwal is a head of Quantitative Research, Motilal Oswal Securities