Sharma told CNBC-TV18, " Yes Bank is more or less a done case. Because they are going to see headwinds in terms of higher interests that they are going to pay. But my bearish calls need to be looked at in this perspective that there are massive gains that these stocks have given, both BHEL and Yes Bank. So these, the puts that I am suggesting are essentially to cover those long positions if you have."
He further added, "My own sense is that in Yes Bank you can buy the 340 Put which is available at around Rs 12 and keep a stop loss of Rs 9 and hope to sell at Rs 20. In case of BHEL you have a 260 Put which is available at Rs 10 buy that and keep at stop loss of Rs 7 and hope to sell this at Rs 16. But these are essentially profit protection majors."
