Buy LIC Housing Finance 390 Put, YES Bank 660 Put: VK Sharma

VK Sharma of HDFC Securities told CNBC-TV18, "My suggestion is to wait for 1-2 percent hike in the stocks and then buy a Put. So, in case of LIC Housing Finance, I am suggesting to buy the 390 Put at around Rs 13. Yesterday it closed at around Rs 17.65, keep a stop loss of Rs 10 and a target of Rs 20." "In case of YES Bank, I am buying the 660 Put at Rs 20, yesterday it closed at Rs 27. Keep stop loss at Rs 15 with a target of around Rs 30," he added.