Tata Motor cracked !! As the Spread in 760 put is too big, Sellers at 38 and buyers at 5, now buyers at 12!!!
Underlying is ~730!! You are entitled to a Rs.30.00 less 10 i.e profit of Rs.20/-
Seems u hv to either put in your trade to sell at or wait for derivative close. Best ac per me is to give ur trade to sell it at Rs.39 and wait if it is taken.
Added at 12 Noon : 760 PUT High 42.50 and Low 28,Now Buyer seller at 50.55 and 36!!! CMP of the underlying :716 (760-716=44-10=34 Profit)
Underlying is ~730!! You are entitled to a Rs.30.00 less 10 i.e profit of Rs.20/-
Seems u hv to either put in your trade to sell at or wait for derivative close. Best ac per me is to give ur trade to sell it at Rs.39 and wait if it is taken.
Added at 12 Noon : 760 PUT High 42.50 and Low 28,Now Buyer seller at 50.55 and 36!!! CMP of the underlying :716 (760-716=44-10=34 Profit)
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