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In the money: underlying price is greater thean the strike price Out of the money: underlying price is less

than the strike price At the money: underlying price is equal to the strike price

Time Value Time-value component of an option, also known as extrinsic value, is a function of two variables: (1) time remaining until expiration - the longer the time to expiration, the more value the option will have in the form of time value. (2) the closeness of the option strike price to the money

Time value is at its highest level when an option is at the money because the potential for intrinsic value to begin to rise is the greatest right at this point. • if your option decays in value over time • you bought the option at a price above 0 • it goes deep out the money, so it has 0 intrinsic value it's then possible to argue that this option has a net negative value because it was held over time. In this case the accrued P&L on the option create a net loss on holding the option, and it has a negative value in your portfolio.

Net sales rose 2 . the management says that it has managed to cover 80 percent of the Pulsar target.32 against dollar JULY 17: JULY18: Bajaj-KTM today said it has drawn up plans to launch more racing bikes for Indian roads in the coming years. JULY 9: JULY 10: rupee depreciates to 57. the company sold around 8. "The small displacement KTM bikes were being manufactured at the Pune plant and sold globally. He said the company was looking at 10 per cent growth in the racing category in the current fiscal. JULY 8: Bajaj strike gets support. 840 crore on July 4. including 25 per cent wage hike.000 units of KTM bikes in the last financial year in India. The company today launched the KTM 390 Duke bike in the metropolis. which is seen increasing cash on books and thereby its other income. that 88 unions in the Pimpri-Chinchwad-Chakan region have voiced support for the strike at the Bajaj Auto. 738 crore for the quarter that ended in June compared with Rs. The workmen's union of BAL's Chakan plant . Latin America and SouthEast Asia. :The company has also received a tax refund of Rs. 718 crore a year ago.000 units were exported to Europe. He said that around 25. mgmt covers 80% of Pulsar target CNBC-TV18's Sunanda Jayaseelan reports.Vishwa Kalyan Kamgar Sanghatana had made a host of demanding that the company allot 500 shares each to all workers at a price of 1 per share. union leader Dilip Pawar. quoting sources. JULY 19: in the AGM The company posted a net profit of Rs." Mr.JUNE 25: The workers at the Chakan plant in Pune had not reported for work since June 25 following the management's refusal to allot them shares at a discounted price. JULY 4: Bajaj first four wheeler RE60 to be launched by the end if the financial year. making contract workers permanent employees apart from taking back suspended and those transferred workers back to the plant. Nandi said racing bikes were the fastest growing segment in the two-wheeler space. However.

04 per cent. Market capitalisation stands at Rs 58. “Today.900 vehicles at Chakan & 1100 Pulsars at Waluj today -Achieved 100 percent requirement of Pulsar. Shares in Bajaj Auto jumped 4 per cent to Rs.159. respectively. outperforming the broader BSE Auto benchmark. its highest level since May 21. or 2. The Chakan plant. to end at 20.228.031.per cent to Rs.80.100 Pulsars at is of the opinion that one may buy Bajaj Auto as the stock is making new highs and the uptrend should continue.6 bikes a worker. Improved participation by workers over the last several days and shifting of production to another plant helped India's second largest two-wheeler maker to meet the output target. 2013 and 26 July.970 on the BSE.538.60 points.90 in intraday trading. 4. JULY 23: Despite a partial strike at its Chakan plant near Pune that will complete a month later this week. 100 per cent (Chakan and Waluj) of our requirement of all brands of the Pulsar.05 on 03 January.597.67 percent above its 52-week low.95 and 52-week low Rs 1.27 points. The share touched its 52-week high Rs 2.809 crore. JULY 22: The benchmark BSE Sensex rose 0. 1. Bajaj Auto Ltd achieved 100 per cent of its production requirement on Monday. is at present with manpower little more than half its total strength.4 per cent on Friday. beat estimates at 20. or 9. From two bikes a worker.6 per cent. JULY 25: Around 798 workers reported to work -To produce 1. which gained 1. . It rose to 20. the company has increased output to 2.24 percent below its 52-week high and 26. Avenger & KTM JULY 25: Sudarshan Sukhani of s2analytics. 757 workers have reported to work and we will produce 2. gained 1 per cent. India's second-largest motorcycle maker. gaining for a fourth consecutive session. after adjusting for mark-to-market loss. 2012. it is trading 9.05 per cent.95 crore. Bajaj Auto Ltd.000 vehicles at Chakan and 1. Currently.” the company said in a statement. Avenger and KTM is achieved. The broader Nifty rose 0.12.264. which produces the KTM and Bajaj brands. rising for a second day as its June-quarter operating margins. to end at 6.

292 units in the same month last year.858 units in the corresponding month last year. The company had sold 3. In the commercial vehicles category. the company said its sales stood at 34. the statement said.Thus demand increases so the share prices will also increase.46. .25.501 units in July.327 units compared to 3.44. JULY 30: AUG 5: AUG 2: Bajaj Auto today reported 20% decline in motorcycle sales at 2.10.499 units as against 35. AUG 6: it is out of the money situation so the intrinsic value is zero. 2012.81.08. BAL said exports were down by 12% during the month at 1.828 units in July. 2013. Bajaj Auto Ltd (BAL) said in a statement. Total vehicle sales of the company last month stood at 2. down 18%.023 units compared to 1. a decline of 2%.150 units in the same period a year ago.