Derivative strategy on Yes Bank from Shubham Agarwal

Mentioned below is the derivative strategy on Yes Bank

Yes Bank


Option Strategy:  Yes Bank (Long Call)

BUY 1 LOT MAR 820 CE

Target Profit: Rs 30

Stop Loss: Rs 9

Rationale: Yes Bank has added longs this week after a big short covering move. Stock is trading close to its heaviest Call of 800. Crossover of the same could trigger yet another fast move. Since we are trading momentum Long Call 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