@tanmoyg112, If I was in your place and my stop loss was 1% of my risk I would have holded on to this trade. Buying options in these kind of scripts where liquidity is low can be very risky, because you will need very high momentum in less time for it work. If you gain decent profits you should exit according to me. NOTE: I am not a SEBI registered advisor, Please consult your financial advisor before taking any decision.
@yashwantk21, September expiary bought 160 ce at 4 rs and closed at 4 rs ..so no profit no loss.
yashwantk21
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@tanmoyg112, ohkay, I would have prefered 150 ce, because 160 ce is deep otm option. I personally like to buy options only when the implied volatility is high. M&MFIN currently has high IV so it can work in your favour. If the risk was 0.5-1% of my capital I would have holded onto this position.
Don't buy options in these kind of stocks because premium decay is high and liquidity is low.
Should I exit or hold please suggest