himanagendra

No use in Holding CE

Short
NSE:IOC   INDIAN OIL CORP
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Bought 80CE on 30th Oct for ₹4 when IOC is at ₹80.5
Today IOC made high of ₹81.45 and yet CE made a high of ₹3.45.
That's the reason why i mentioned earlier not to touch the options.

And for tomorrow, you can sell IOC because it touched the upper line of ascending channel and fell down
So, sell IOC with a stop loss of 82.5 to 83 and a target of 79 and 77.5
avoid options.

Comments

Time decay factor will have to be considered if playing with options.
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@gmoharir, yeah but incase of IOC, it is really high when compared with other stocks
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gmoharir himanagendra
@himanagendra, true that
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