HDFC Bank showed a healthy correction post the Bank NIFTY rise and ready to rise for the next rise. This is an Intraday trade setup. Consecutively one can sell an ATM PE for theta decay as expiry is near.
HDFC Bank August Futures is at 1763.8 and
HDFC Bank August 1760PE is at 9.80
The spot price (equities) started moving. Update the trailing stop loss to the entry price.
Spot Trade is closed with no loss no gain. Options is at 900 INR loss.