Choice Commodity Research

Put Ratio Spread Sumeet Bagadia’s Desk: Buy NATURALGAS 440 PE 23-Dec 1 lot @ 23.90 Sell NATURALGAS 415 PE 23-Dec 2 lots @ 11.75 Buy NATURALGAS 400 PE 23-Dec 1 lot @ 7 Max loss: 9250 above 440 (on expiry) Max profit of 22000 at 415 (on expiry) Max profit of 3250 below 400 (on expiry) Margin required: 165,750 Risk-Reward : 1 : 2.38 Breakeven: 432.60 (Duration: 2 weeks)

NATURAL GAS prices down by -6.5%

SILVER prices surged by +5000pts and made new high @187117

US JOLTS Job Openings-Sep Actual : 7.66M Prev.: 7.23M Impact : Negative for Bullion

US JOLTS Job Openings Actual : 7.67M Forecast: 7.14M Prev.: 7.66M Impact : Negative for Bullion

Sumeet Bagadia’s Desk : Target Achieved @ 1077...Sell in Commodity COPPER|31DEC25 @ 1081.05 SL 1083 TGT 1077.15

Sumeet Bagadia’s Desk : Target Achieved @ 24.65...Buy in Commodity NATURALGAS|23DEC25 PE 430.00 @ 20 SL 17.7 TGT 24.60

Sumeet Bagadia’s Desk : Stopped Out @ 85...Buy in Commodity CRUDEOIL|16DEC25 CE 5300.00 @ 103.5 SL 85 TGT 140.50

Sumeet Bagadia’s Desk:Sell COPPER|31DEC25 in Commodity @ 1081.05 SL 1083 TGT 1077.15

ADP Weekly Employment Change Actual : 4.8K Prev.: -13.5 Impact : Negative for Bullion

Sumeet Bagadia’s Desk : Stopped Out @ 184709...Sell in Commodity SILVERMIC|27FEB26 @ 183850 SL 184700 TGT 182150.00

Sumeet Bagadia’s Desk : Target Achieved @ 426...Sell in Commodity NATURALGAS|26DEC25 @ 430 SL 432 TGT 426.00

Sumeet Bagadia’s Desk:Sell NATURALGAS|26DEC25 in Commodity @ 430 SL 432 TGT 426.00

Sumeet Bagadia’s Desk : Book Part Profit @ 21.9...Buy in Commodity NATURALGAS|23DEC25 PE 430.00 @ 20 SL 17.7 TGT 24.60

Sumeet Bagadia’s Desk : Exit @ 276.10...Buy in Commodity ALUMINIUM|31DEC25 @ 275.8 SL 275 TGT 277.40

Sumeet Bagadia’s Desk : Book Profit @ 5324...Buy in Commodity CRUDEOIL|18DEC25 @ 5300 SL 5269 TGT 5362.00