MASTER ADVISORY AGREEMENT(High Net Worth Individual – Stock Option Strategies Advisory Services)
This Agreement is executed on this 20th day August 2026 (“Effective Date”)
This Master Advisory Agreement (“Agreement”) is entered into between:
Sharad Mishra, a SEBI-Registered Research Analyst (Registration No: INH000005908), having its registered office at Hubtown Viva, Jogeshwari East, Mumbai - 400063 (hereinafter referred to as the “Research Analyst”, “Advisor”, or “RA”);
AND
The subscriber purchasing advisory services under this Agreement (hereinafter referred to as the “Client”).
The Advisor and Client are collectively referred to as the “Parties”.
The subscription shall expire on completion of the subscribed period of 3 month.
There is no commitment, assurance, or guarantee of any minimum number of strategies in a month/quarter or year. The Advisor may try to deliver an average of 12 strategies in a month, subject to market conditions, but this shall not be treated as a promise, commitment, or obligation. Advisory will be provided only when suitable risk-reward opportunities are available.
Advisory shall be provided through the Advisor’s private and exclusive Telegram channel, operated through corporate number 9820209987. It shall be the client’s responsibility to remain added to the said Telegram channel throughout the applicable advisory period.
The advisory service shall be deemed to have commenced/resumed from the T+1 day of payment confirmation, irrespective of whether the client has joined the Telegram channel or not. Delay or failure by the client to join the Telegram channel shall not extend the subscription period. Fees once paid shall be non-refundable.
A “Strategy” is defined as a structured derivatives recommendation that includes:
The Client expressly represents and warrants that:
The attached table represents a long straddle–type stock option strategy implemented on Dalmia Bharat, dated 20 Jan 2026, using monthly expiry options (27 Jan 2026).
The strategy involves:
on the same stock and same expiry, but at different strikes, to benefit from a strong directional move in either direction.
This is a volatility-driven strategy, suitable when a sharp price movement is expected.
Structure of the Strategy
This leg benefits if the stock moves sharply upward, leading to rapid expansion in call option premium.
This leg benefits if the stock falls sharply, increasing the value of the put option.
This asymmetric payoff is typical of option buying strategies, where one leg compensates for the loss in the other.
This strategy is deployed when high volatility or a sharp price move is anticipated, but direction is uncertain
The trader is long volatility, not betting on direction but on magnitude of move.
From a professional risk lens:
👉Loss of entire premium paid
3. Indicative capital per trade may be communicated for illustration purposes only and does not constitute a mandate.
Payment constitutes full acceptance of this Agreement.
The Client is expressly advised to:
Subscription payment shall constitute deemed confirmation of comprehension.
The Advisor shall not be liable for disruptions caused by:
The Client acknowledges exposure to:
Force majeure events shall not entitle refund, extension, or compensation.
This relationship is strictly non-fiduciary and advisory in nature.
The Client retains complete discretion and responsibility.
The Client agrees to indemnify and hold harmless the Advisor against:
This Agreement shall be governed by the laws of India.
Subject to the arbitration clause, courts at Mumbai shall have exclusive jurisdiction for enforcement purposes.
This Agreement supersedes all prior communications, representations, or understandings.
No oral statements shall modify these terms.
By subscribing and making payment, the Client confirms that:
