We have November Series F&O contracts expiry today.

Our trades for November are already over. Trades for December were planned but could not be taken.

We look for few trades today.

TATASTEEL is a loser over 30 days and 7 day period.

Options IV is around 43-44 and volumes for December series are good.

We go for TATASTEEL PUT 1140 @ Rs. 35-36.

Lot size is 425. Maximum risk in the trade would be Rs. 15300.

Maximum weakness over last 30 days is seen in AXISBANK and INDUSINDBK. They can continue to fall further or rebound from here. I really do not know. I would take my chances with a second rung banking stocks — PNB.

Presently it is trading just above Rs. 40.00 mark.

We look for PNB PUT 38 @ Rs. 0.75-0.70.

Lot size 16000 and maximum risk is Rs. 11200.

BANKNIFTY is an underperformer as compared to NIFTY over last 30 days.

That merits buying a PUT in BANKNIFTY for December series.

We BUY BANKNIFTY PUT 36000 @ Rs. 320-330.

In case market opens lower, we may go up to Rs. 350 but not beyond that.

Lot size 25, maximum risk is Rs. 8750.

That would be all for today.

Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.