BKB Diary

[bkb]

Vodafone Idea Ltd
6.35 INR+0.60 (10.43%) (18 Aug, 3:30 PM)

Any specific news/reason for the up move today? I could not find any related news on net.

 

[timepass]

Maybe these news

https://www.livemint.com/industry/t...r-first-quarter-of-202122-11629360091999.html

https://telecomtalk.info/vodafone-idea-has-discontinued-rs-49-prepaid/461160/

 

[bkb]

Seems Mumbai reported ~ 490 new Corona cases yesterday.
If number of cases continue to increase as per last week trend, matter of 4-7 days, Mumbai daily case load may touch ~ 800 in my opinion.
So are we going to see extended holidays for schools in Mumbai till say second week of Jan-2022 and some additional restrictions related to places of worships?
If so happens, won't it negatively impact market sentiment significantly?

 

[bkb]

Vodafone Idea Ltd

As per some forums on Internet, ~ 4,700 Crores principal and interest (~10% of Principal amount) is becoming payable in next 45 days for Vodafone Idea.
Last payment on NCD/Debt may have been met through internal resources and some help from advance/yearly renewal of prepaid plans by subscribers before latest tariff hike.
Then how Vi is going to meet these payments? Default seems unlikely in given circumstances, post Govt. package. Then, is some fund raising or temporary bridge loan going to be finalized in coming few days?
Request inputs from all our Traderji members. Thanks.

 

[bkb]

Vodafone Idea Ltd

As per some forums on Internet, ~ 4,700 Crores principal and interest (~10% of Principal amount) is becoming payable in next 45 days for Vodafone Idea.
Last payment on NCD/Debt may have been met through internal resources and some help from advance/yearly renewal of prepaid plans by subscribers before latest tariff hike.
Then how Vi is going to meet these payments? Default seems unlikely in given circumstances, post Govt. package. Then, is some fund raising or temporary bridge loan going to be finalized in coming few days?
Request inputs from all our Traderji members. Thanks.

As per Economic Times news article today dated 11-Jan-2022, " Vodafone Idea raises Rs 5000 crore in short-term borrowings for NCD payouts"

 

[bkb]

Meta stock down ~ 25% today.
So will Indian markets will also see selling pressure in so called new age Tech/E-Commerce stocks?

Should one consider a Short on such stocks(provided one gets opportunity) OR a pair trade of Short PAYTM and long ZOMATO?

 

[bkb]

Vodafone Idea Ltd

Expiry: March-2022

Long 10.00 PE @ 1.00
Long Futures @ 9.90
Short 14.00 CE @ 0.15

Reason: Strong probability of funds infusion from promoters/other sources.

I intend to keep main position, i.e. Long Futures and hedge i.e. Long put, as it is.

In theory, Max loss capped at ~ 0.85/Lot. However, I intend to change/trade Short Call position as per movement in the underlying. Hence, Max loss shall not be more than 0.40/Lot to 0.55/Lot.

That should allow to capture surge/upside in the underlying upto strike 14.00. Intend to close position if in profit exceeding 1.50/Lot to 2.25/Lot.

 

[bkb]

Script: DLF
Expiry 26-May-2022
Lot size: 1,650
CMP (Futures): ~340.95

View: Short

Buy 360 CE @ 7.00
Short DLF Futures
Sell 300 PE @ 2.85

(not a trading recommendation, just a paper trade)

 

[bkb]

Script: DLF
Expiry 26-May-2022
Lot size: 1,650
CMP (Futures): ~340.95

View: Short

Buy 360 CE @ 7.00
Short DLF Futures
Sell 300 PE @ 2.85

(not a trading recommendation, just a paper trade)

Current Status:
Long 360 CE CMP 2.75 (MTM loss = 7.00 - 2.75 = 4.25)
Short DLF Futures CMP 326.90 (MTM Profit = 340.95 - 326.90 = 14.05)
Short 300 PE CMP 3.65 (MTM loss = 3.65 - 2.85 = 0.80)

Net MTM on the position = 9.00 per Lot


Will we see this script price around ~ 292 in this month if current negative sentiment in the market continues? Well, maximum potential profit is highest at 300 level, as in above position 300 PE is shorted. Today, seems Futures had touched low of ~ 314. So, if price goes below 310 in next few days, I may consider closing the position.

(not a trading recommendation, just a paper trade)

 

[bkb]

Current Status:
Long 360 CE CMP 2.75 (MTM loss = 7.00 - 2.75 = 4.25)
Short DLF Futures CMP 326.90 (MTM Profit = 340.95 - 326.90 = 14.05)
Short 300 PE CMP 3.65 (MTM loss = 3.65 - 2.85 = 0.80)

Net MTM on the position = 9.00 per Lot


Will we see this script price around ~ 292 in this month if current negative sentiment in the market continues? Well, maximum potential profit is highest at 300 level, as in above position 300 PE is shorted. Today, seems Futures had touched low of ~ 314. So, if price goes below 310 in next few days, I may consider closing the position.

(not a trading recommendation, just a paper trade)

USA markets are ~ 2% down. Will I get the desired levels tomorrow to close the position? Probability is less, but lets see.