Balances, P&L and projections are only as good as the data fed into this AI tool. Some files come from clients, some from custodians, and some are prepared manually.
- Scenarios capture a snapshot in time and are rough estimates.
- Option contracts and their prices — both in India and in the US — are generally taken as of the previous market day’s close. Real-time prices, values, profits and estimates may vary.
- For bonds, a default future interest-rate assumption is used; you can change it on the chatbot to your own preference.
- In addition to bond rates moving up or down, bond prices may also move up or down — current prices are assumed to stay stable when projecting future profit/loss.
- All underlying US stocks are assumed to be correlated. Individual stock prices may actually move up or down at different ratios and may not move with the S&P 500 in perfect correlation, but for rough estimates they are assumed to move together.
- Daily cash-covered short puts and daily-expiry covered calls are placed on most market-open days and are assumed to make about $30,000 on average per day (shown as “Daily Trades Est.” in scenario tables).
- Scenario tables and charts show changes from current — the date and time the snapshot was taken, usually toward the US market close.
- From 2026-05-15 onward, current profits are added to the scenario table, and estimated profits are shown for future-date scenario analysis.
- FX changes are not factored in for projections.
India scenario analysis — stocks, futures & options:
- Covers open India stocks, futures and options only — bonds and mutual funds are not shocked in this scenario.
- A uniform move of −20% to +20% (in 1% steps; only −5%…+5% is shown by default) is applied to all underlyings at once, as of a chosen month-end. The table shows the change in P&L versus current market value.
- Stocks & futures are treated as linear: P&L change = market value × the % move.
- Options are repriced with Black–Scholes — each option’s implied volatility is backed out from its current price, then it is re-priced at the shocked spot with time-to-expiry measured to the month-end, so the 0% row reflects time decay (theta) rather than zero. Implied volatility is held constant across the move (no volatility-skew shift); the risk-free rate defaults to 6.5%; dividends are assumed zero; European-style pricing is used as an approximation.
- Underlying spot prices are fetched live (Yahoo, with NSE end-of-day as a fallback). If a spot can’t be fetched, that underlying’s options are left out and noted.
- N100 (Nasdaq-100 ETF) is excluded by default — it tracks the US market, not Indian markets. Ask to “include N100” to add it; individual option contracts or whole symbols can also be excluded on request.
- Net delta exposure = market value for stocks/futures plus (Black–Scholes delta × quantity × spot) for options, shown ex-N100 — an estimate of net rupee directional exposure.
- India P&L is shown in INR only; market value is shown in INR and USD. Current values come from the latest saved position snapshot (refreshed when the source file changes), not a live tick.
- These are model estimates, not guarantees: they ignore liquidity, early exercise, dividend events, volatility/correlation changes and the intraday price path, and are not investment advice. An option quoted below its no-arbitrage value (stale/illiquid) is re-priced at intrinsic value and flagged.