F&O strategies for PNB, Petronet LNG

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

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

OPTION STRATEGY: PNB Long Put
Buy Dec 120 PE
Target: 5             
Stop Loss: N.A

• The stock has been in short-short unwinding cycle
• Recent drop in the stock close to heaviest Put has led to unwinding opening further room on the downside
• Being the week of expiry and lower implied volatility, long option is recommended

OPTION STRATEGY: Petronet Long Call
Buy Dec 245 CE
Target: 5              
Stop Loss: N.A

• Bargain hunting longs in the futures could push the stock higher in next week
• On the higher side head room remains open till 250
• Being the week of expiry and lower implied volatility, long option 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.

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