so the stock came back to where you bought it last . I bought may futures @ 1448 (loss of 25k running) yesterday along with a short position of 2440 CE (Exited with 12000 profit)
I am expecting it to reverse from here so exited from short call position. what is your take. current average loss is 13k running. if I patiently hold can it come back to my buy price? or should I just exit the profit/loss is 0.
@aishwaryajn99, i am holding may option expiry 2460ce at 70..but stock close at 2406..dont know what to do
Aishwarya_Jain
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@curiousKing58884, Now you can square off. Instead buy in cash market. Holding till expiry is dangerous as time value of money will decrease gradually and if at expiry the share price is not above 2530 then you will be in losses only.
curiousKing58884
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@aishwaryajn99, hi..tnx for ur supprt..i exited ctc
curiousKing58884
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can u provide tips
Aishwarya_Jain
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@curiousKing58884, yes we provide some advice on share trading. But if you are looking for active trading then we are not the one. Positional and long term trading is what we prefer.
You can email us at fintaxtic.service@gmail.com
Aishwarya_Jain
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@curiousKing58884, glad to help you.
A suggestion, don't buy option if you are not aware of the concept., Also don't buy for more than a day or two day holding period.
I am expecting it to reverse from here so exited from short call position. what is your take. current average loss is 13k running. if I patiently hold can it come back to my buy price? or should I just exit the profit/loss is 0.