Yes Bank
CMP 193.
Observations
- the stock has fallen more than 50% from the highs of 400 levels seen in Aug 2018
- in its attempts to pullback the stock is making lower tops on daily charts
Strategy
One may consider selling Yes Bank 200 Call option
Lot size 1750
CMP 6.6
At best, The strategy provides max 13.2% profit potential on margin amount of approx RS 87500.
Loss Risk is covered for a rise in stock up to 206.60.
Time period: 29 Nov 2018
Take care and safe trading...!!!