I had used:

public monthDateOptions: IMyOptions = { dateFormat: 'mm/dd', showTodayBtn: false, showClearDateBtn: false, closeAfterSelect: true, };

Using this option i was able to get the date in mm/dd format.

But when i fetched the date from database and tried to bind the date, there was an error:

Cannot read property 'value' of undefined at UtilService.getNumberByValue

Is it that the date picker couldnot bind date if it is in format mm/dd?