options enabler ver 2.2

8/17/2019 Options Enabler Ver 2.2

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The views expressed herein arepublicly available data or othercomment on the profitability oinvestment ob"ectives and finaSharekhan #td makes no represto you or your representative$s%

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Strategieso


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rein is fromkhan does nottheir specific

faith ande no liability


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*** Margin Assumption per lot can be

Bullish

PortfolioProtection

Margin Assumption (Rs.) pe


5/48

19

changed by user

Strategy Selection

Bearish

Refresh !ata

lot

"traddle

Butter#y


6/48


7/48

$ype * %&

Bullish Butter#y $imeframe * May

Middle "tri'e *

!egree of moement * 1

+ty to be bought(lots)May,-,%&* 1

Buy May,%& "tri'e -

"ell May,%& "tri'e

Buy May,%& "tri'e

Price May,-,%& 1/.

Price May,,%& 9.Price May,,%& /.1/

+ty to be bought May,-,%& -/

+ty to be "old May,,%& ,/

+ty to be Bought May,,%& -/

Butter#y %ost 1.9/

* %ompulsory 0nput ield

Butter#y

Result2ome


8/48

Bull Butterfly

NIFTY Buy CE

Month May

Strike 8!!

"uantity #

$rice %#&'()alue &8

*utflo+ ,-s'.

In/0Margin 111

Ma2 $rofit ,-s'.

Ma2 $rofit 3e/el

Breake/en 4 I 11

Breake/en 4 II 11

-isk0-e+ar5

Scenario 7nalysis E2iry at8!!!'!

11 $rofit +ill 9e ma5e if market remain in the range 9et

Portfolio "ensitiity

5ifty "pot , %MP -4-./

5ifty (67,) %hange points 1

!ays &8pired 1

"ensitiity !ate /7-17-14

%urrent -,%& 0s :57A

%urrent ,%& 0s :57A

%urrent ,%& 0s :57Aolatility %hange (67,) 1

Price ,-,May,%& &rr;/

Price ,,May,%& &rr;/

Price ,,May,%& &rr;/

Portfolio P


9/48

BUY

SE33 CE Buy CE

May May

8&!! 8(!!

4#! #

;8'& #8'%#4(;%# %(#(

3

3

-1-4

8&8#

8%#

#'6

4&6&'8

een Breake/en I : II

E2it -ules

2?M&

7 6 0 0

7 7

0 0

7 8 0 0

7 9 0 0

8 0 0 0

8 1

0 0

8 2 0 0

8 3 0 0

8 4

0 0

8 5

0 0

8 6 0 0

8 7

0 0

8 8 0 0

8 9 0 0

9 0 0 0

-500

0

500

1000

1500

2000

2500

P&L on Exir! P&L "Sensiti#it!$


10/48


11/48

$ype Bullish

Bullishness timeframe * May

Bullish from * -/

Bullish pto * /

Price -/,May,%& 1-

Price /,May,%& -.1

+ty to be bought(lots) * 1

Ratio (0n case of Ratio spread) * -

+ty to be bought -/,May,%& -/

+ty to be "old /,May,%& /

* %ompulsory 0nput eld

ie@ , Bullish

Result2ome


12/48

*tion % < Buy *tion

NIFTY Buy CE

Month May

Strike 8#!

"uantity #

$rice %&

)alue &!6#

*utflo+ ,-s'. 3/

In/0Margin 111 3/

Ma2 $rofit ,-s'. Unlimite5

Ma2 3oss ,-s'. 3/

Breake/en $oint 8&6&

-eturn


13/48

7 7 5

0

7 8 5

0

7 9 5

0

8 0 5

0

8 1 5

0

8 2 5

0

8 3 5

0

8 4 5

0

8 5 5

0

8 6 5

0

8 7 5

0

8 8 5

0

-4000

-2000

0

2000

4000

P&L on Exir! P&L Sensiti#it!


14/48

*tion < Bull Srea5

NIFTY Buy CE Sell CE

Month May May

Strike 8#! 8#!!

"uantity # 4#

$rice %& &'%

)alue &!6# 48!&

*utflo+ ,-s'. --3

In/0Margin 111 -1-3

Ma2 $rofit ,-s'. 93

Ma2 3oss ,-s'. --3

Ma2 $rofit 3e/el /

Breake/en $oint 8&(%

-eturn


15/48

8 9 5

0

7 6 5

0

7 7 5

0

7 8 5

0

7 9 5

0

8 0 5

0

8 1 5

0

8 2 5

0

8 3 5

0

8 4 5

0

8 5 5

0

8 6 5

0

8 7 5

0

8 8 5

0

8 9 5

0

-3000

-2000

-1000

0



16/48

*tion & < Bull -atio Srea5

NIFTY Buy CE Sell CE

Month May May

Strike 8#! 8#!!

"uantity # 4#!

$rice %& &'%

)alue &!6# 4%=!#

*utflo+ ,-s'. 13

In/0Margin 111 93

Ma2 $rofit ,-s'. 3

Breake/en $oint 8&!;

Ma2 $rofit 3e/el 8#!!

3oss +ill start a9o/e 8=;%

-eturn


17/48

-20000

-15000

-10000



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$ype Bearish

Bearish timeframe * May

Bearish from * /

Bearish pto * 1

Price /,May,P& -3-.

Price 1,May,P& 43.3

+ty to be bought(lots) * 1


+ty to be bought /,May,P& -/

+ty to be "old 1,May,P& /


ie@ , B&AR0"2

%es't(ome


22/48

*tion % < Buy *tion

NIFTY Buy $E

Month May

Strike 8#!!

"uantity #!

$rice 6)alue =8!!!

outflo+ ,-s'. 4

In/0Margin 111 4


Ma2 3oss ,-s'. 4

Breake/en $oint 88

-eturn


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7 7 8 8 8 8 8 8 8 8 8 8 9 9

-80000

-60000

-40000



24/48

*tion < Bear Srea5

NIFTY Buy $E Sell $E

Month May May

Strike 8#!! 8%!!

"uantity #! 4#!

$rice 6 =6'6)alue =8!!! 4%=;#

outflo+ ,-s'. /13/

In/0Margin 111 -13/

Ma2 $rofit ,-s'. 9-/

Ma2 3oss ,-s'. /13/

Ma2 $rofit 3e/el 1

Breake/en $oint 8;=

-eturn


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9

-60000

-40000



26/48

*tion & < Bear -atio Srea5


Month May May

Strike 8#!! 8%!!

"uantity #! 4#!!

$rice 6 =6'6)alue =8!!! 4&&8#!

outflo+ ,-s'. 1/

In/0Margin 111 11/

Ma2 $rofit ,-s'. 4//

Breake/en $oint 8&=&

Ma2 $rofit 3e/el 8%!!

3oss +ill Start 9elo+ 68&6

-eturn


27/48

-200000

-150000



28/48


29/48

$ype Portfolio Protection

50$C "pot -4-./

Protection timeframe * May

Portfolio alue (Rs) * 1

Portfolio !escription * Midcap

Assumed Beta 1.

Protection from * /

Protection pto *

Price /,May,P& -3-

Price ,May,P& /./

+ty to be bought(lots) 3


+ty to be bought /,May,P& 13/

+ty to be sold ,May,P& /


Result2ome

ie@ , Portfolio Protection


30/48


31/48

*tion % < Buy *tion

NIFTY Buy $E

Month May

Strike 8#!!

"uantity %6#

$rice 6)alue (6=!!

*utflo+ ,-s'. 34

In/0Margin 111 34


Ma2 3oss ,-s'. 34

Breake/en $oint 88

-eturn


32/48

7 8 0 0

7 9 0 0

8 0 0 0

8 1

0 0

8 2 0 0

8 3 0 0

8 4

0 0

8 5

0 0

8 6 0 0

8 7

0 0

8 8 0 0

8 9 0 0

9 0 0 0

9 1

0 0

9 2 0 0

-60000

-40000

-20000

0

20000

P&L on Exir! P&L Sensiti#it!-6

-4

-2


33/48

*tion < Bear Srea5


Month May May

Strike 8#!! 8!!!

"uantity %6# 4%6#

$rice 6 (#'#)alue (6=!! 46;=&

*utflo+ ,-s'. 94

In/0Margin 111 13-4

Ma2 $rofit ,-s'. 34

Ma2 3oss ,-s'. 94

Ma2 $rofit 3e/el

Breake/en $oint 86(

-eturn


34/48

7 6 0 0

7 7

0 0

7 8 0 0

7 9 0 0

8 0 0 0

8 1

0 0

8 2 0 0

8 3 0 0

8 4

0 0

8 5

0 0

8 6 0 0

8 7

0 0

8 8 0 0

8 9 0 0

9 0 0 0

000

000

000

0


7 2 0 0

7 3 0 0

7 4

0 0

-100000

-80000

-60000

-40000

-20000

0


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*tion & < Bear -atio Srea5


Month May May

Strike 8#!! 8!!!

"uantity %6# 4!

$rice 6 (#'#)alue (6=!! 4%#;#

*utflo+ ,-s'. 143/

In/0Margin 111 -9343/

Ma2 $rofit ,-s'. //-/

Breake/en oint 8&%;

Ma2 $rofit 3e/el 8!!!

3oss +ill Start 9elo+ 6=8%

-eturn


36/48

7 6 0 0

7 7

0 0

7 8 0 0

7 9 0 0

8 0 0 0

8 1

0 0

8 2 0 0

8 3 0 0

8 4

0 0

8 5

0 0

8 6 0 0

8 7

0 0

8 8 0 0

8 9 0 0

9 0 0 0



37/48


38/48


39/48


40/48

Month * Eune

Action * "ell

"tri'e * 4

+ty to be bought(lots) * -

Price 4,Eune,%& 34.

Price 4,Eune,P& 3./

+uantity 4,Eune,%& ,/

+uantity 4,Eune,P& ,/

$otal "traddle 0n#o@ //.-/


"traddle

Result2ome


41/48

*tion Stra55le SE33

NIFTY SE33 CE

Month ?une

Strike 8=!!

"uantity 4#!

$rice 6='(

)alue 4&8!

Inflo+,-s'. --34

In/0Margin 111 /-

Ma2 $rofit ,-s'. --34

Ma2 3oss ,-s'. Unlimit

3oss +ill start a9o/e ;!#

3oss +ill start 9elo+ 8%(

Ma2 $rofit 3e/el 8=!

Ma2 3oss 3e/el Unlimit

Scenario 7nalysis E2iry at #==(

Portfolio "ensitiity

5ifty "pot , %MP -4-./

5ifty (67,) %hange points /

!ays &8pired -

"ensitiity !ate /717-14

%urrent %all 0s Eune,4 :57A

%urrent Put 0s Eune,4 :57A

olatility %hange (67,) /

?ption Price ; Eune,4,%& :57A

?ption Price ; Eune,4,P& :57A

Portfolio P 2?M&


42/48

SE33 $E

?une

8=!!

4#!

&68'8#

4%8;(&

e5

e5

4%(!&6'#

E2it -ules

7

9 0 0

8

0 0 0

8

1 0 0

8

2 0 0

8

3 0 0

8

4 0 0

8

5 0 0

8

6 0 0

8

7 0 0

8

8 0 0

8

9 0 0

9

0 0 0

9

1 0 0

9

2 0 0

9

3 0 0

-15000

-10000-5000

0

5000

10000

15000

20000

25000

P&L on Exir! P&L "Sensiti#it!$


43/48

Nake5 otion

@henA

ee in Min5

Srea5s

@henA

ee in Min5

-atio

@henA

ee in Min5

Butterfly

@henA

ee in Min5


44/48

Stra55le

@henA

ee in Min5

M7IN $7E


45/48

Entry 0 E2it -ules

Bullish

)ie+ is Bullish +ith 3imite5 mo/ement in the Un5erlying'

Buy Stra55le

)ie+ is e2tremely /e an5 5ont +ant to limit the usi5earticiation'

Theta Decay +ill 9e high if /ie+ 5oesnt go right +ithin the5esire5 time frame timely EGIT is critical'

)ie+ is Bullish : +ants to re5uce some comonent of the initialoutflo+'

Usi5e $otnetial is 3imite5 ,till the Uer Strike.' $articiation+oul5 9e relati/ely less If there is fast mo/ement in theUn5erlying'

If the mo/ement in the un5erlying is fast to+ar5s the UerStrike the rofit otential +ill re5uce an5 EGIT aroun5 the

Uer Strike is critical to a/oi5 9ig losses'

HCE ButterflyH )ie+ is /e uto certain le/el,Mi55le Strike. an5you +ant to ha/e limite5 outflo+,3o+ risk.' I5eal to 5o +henI)S are high'

If there is e2treme mo/ement in the un5erlying in shorter sanof time results +ill /ary' The strike to 9e +ritten 0sol5,Mi55le Strike. shoul5 9e the target of un5erlying or E2it oint'E'g' If NIFTY sot is #6!! an5 /ie+ is #;!! then 9utterly +ill9e Buy #6!!CE %3ot Sell #;!!CE 3ots an5 9uy =%!!CE lot'


46/48

)or Dis*'aimer + %ea, ain s.eet

@hen the /ie+ is of e2treme mo/ement on either si5e' It can9e on account of an e/ent , -BI $olicy FED olicy -esultSeason etc.' I5eally shoul5 9e a/oi5e5 in si5e+ays market

The strategy has unlimite5 usi5e otential' o+e/er if thereis no mo/ement after entering into the tra5e then theta 5ecay+ill 9e high : +ill +ork against the 9uyer '


47/48

Bearish

)ie+ is Bearish +ith 3imite5 mo/ement in the Un5erlying'

Sell Stra55le

M7IN $7E

ST-7TEY $7E

)ie+ is e2tremely 4/e an5 5ont +ant to limit the 5o+nsi5earticiation'

Theta Decay +ill 9e high if /ie+ 5oesnt go right +ithin the5esire5 time frame timely EGIT is critical'

)ie+ is Bearish : +ants to re5uce some comonent of the initialoutflo+'

Do+nsi5e $otnetial is 3imite5 ,till the 3o+er Strike.'$articiation +oul5 9e relati/ely less If there is fast mo/ementin the Uner5erlying'

If the mo/ement in the un5erlying is fast to+ar5s the 3o+erStrike the rofit otential +ill re5uce an5 EGIT aroun5 the

3o+er Strike is critical to a/oi5 9ig losses'

$E Butterfly )ie+ is 4/e uto certain le/el,Mi55le strike. an5+ant to ha/e limite5 outflo+,lo+ -isk.'I5eal to 5o +hen I)S arehigh'

If there is e2treme mo/ement in the un5erlying in shorter sanof time results +ill /ary' The strike to 9e +ritten 0 sol5 ,Mi55leStrike. shoul5 9e the target of un5erlying or E2it oint' E'g' IfNIFTY sot is #6!! an5 /ie+ is ##!! then 9utterly +ill 9e Buy#6!!$E %3ot Sell #&!!$E 3ots an5 9uy #%!!$E % lot'


48/48

@hen the /ie+ is si5e+ays or range9oun5 mo/ement'

The strategy has unlimite5 -isk otential +ith limite5 rofits,EJui/alent to Inflo+.' I5eally shoul5 9e 5one +hen I)Ks are high

ST-7TEY $7E

options enabler ver 2.2

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