Your idea is perfect but my bad luck I read it after trading hours . Today I created short position in option . I am traped .. now what should I do
Arun_Pulappatta
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@PankajMehta, May I know, the strike price and expiry ?
PankajMehta
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@ArunPulappatta, sold 1 lot of 240 call @34,
Sold 1 lot of 260 @30
Arun_Pulappatta
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@PankajMehta, this month expiry right? don't take full loss. option writing is always high risky. so while doing option writing do it with a pair of call & put with appropriate strike price.