Derivatives Strategy – Positional Option : Sell Bank Nifty 11 February 34500 Put By ICICI Direct
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/02/6d2eb3f87de6de485095c48a141ac4cd.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
* Bank Nifty futures rallied almost 5500 points last week and managed to surpass their Call base of 36000. It started the current week above its base, which is a positive sign
* Even after the event outcome, IVs continue to remain elevated, providing added advantage to option writers. Almost 1800 points OTM Puts are trading at a premium of 110 at the start of the week, which is extremely high
* Looking at the overall F&O data we feel the Bank Nifty is likely to consolidate with positive bias. Going ahead, Put writing premiums are expected to get completely eroded
* Hence, we feel 34500 Put could be written at current levels as the Bank Nifty is likely to head towards its Call base of 37000 this week Note: 1. Recommendation initiated on iclick-2-gain on February 08, 2020 2. The given recommendation in this report is positional recommendation and should not be linked with intraday view & recommendations given on iclick-2-gain, which may have a different view on a particular day.
Positional Option: Sell Bank Nifty 11 February 34500 Put at Rs. 100-130, Target: Rs. 2, Stop loss: Rs. 240, Time frame: Till 11 February expiry
To Read Complete Report & Disclaimer Click Here
https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Shyam Metalics and Energy_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_luxury_hotels.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Dussehra_tips.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Investment Best for Kids Future.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_festive_season.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/food37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Mental_Health.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Gv_Romance.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/NOCIL Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/kotak securities.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c9081e7b22f028209f4e4f0589c3c0c9.jpg)
Stock Picks : TCS Ltd And Chambal Fertiliser Ltd By ICICI Direct
![MCX Silver is expected to rise back towards 72,500 level as long as it sustains above 71,500 level - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/8dae740ddf7179ae23407b7362e80348.jpg)
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![The index started the session on a muted note tracking subdued global cues - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/8f1a19117fbd648f8fd1a5bbf2afbebc.jpg)