Range Forward – Bullish Exposure with Minimal Entry Cost

Range Forward – Mild Bullish Bias with Premium Cushion (Illustrative Example:

| Nov 2024 | Historical CMP ~1800) Market View Bullish. Applied when the expectation is for POLICYBZR to move higher gradually, without placing an upper limit on upside. The Trade (Illustrative | Hypothetical Premiums) • Buy POLICYBZR 1850 Call @ ₹90 • Sell POLICYBZR 1750 Put @ ₹95 Net Premium: 5 (small net credit) (Premium paid for the call is largely offset by premium received from the put.) Breakeven Strike price of put - net premium received ‘OR’ Strike price of call + net premium paid 1750 – 5 = 1745 ( in this example) Max Profit • Unlimited Max Loss • Unlimited (due to short put exposure) Premium & Margin • Premium: Near zero • Margin: Required Effect of Time & Volatility • Time decay impact is largely neutral • Volatility effect is negligible due to offsetting legs Pros / Cons • ✔ Directional exposure with minimal upfront cost • ✖ High downside risk if price falls sharply 📌 Disclaimer: This content is for information only and not investment advice. Investments in securities market are subject to market risks. Read all the related documents carefully before investing. AI may have been used for grammatical and sentence-structure refinement. Please consult a SEBI-registered advisor before making any investment decisions.