I am new to options . I don't have much idea about it. I have an account with india infoline. As per the brokers request I have traded in
NIFY CALL OPTION. When I log into my terminal i can see the following details
Symbol : NIFTY
Instrument : OPTIDX
Strike Price : 4800
Expiry Date : 25 Feb 2010
Option Type : CE
Buy QTY : 50
Sell QTY : 0
Net : 50
Average Price : 0
Closing Price : 87.95
When I look at my ledger it shows a transaction
05/02/2010 To FO BILL FOR Rs4547.90 Cr
Can somebody explain me in details and whether i will book profit or loss and how? Please explain in details
NIFY CALL OPTION. When I log into my terminal i can see the following details
Symbol : NIFTY
Instrument : OPTIDX
Strike Price : 4800
Expiry Date : 25 Feb 2010
Option Type : CE
Buy QTY : 50
Sell QTY : 0
Net : 50
Average Price : 0
Closing Price : 87.95
When I look at my ledger it shows a transaction
05/02/2010 To FO BILL FOR Rs4547.90 Cr
Can somebody explain me in details and whether i will book profit or loss and how? Please explain in details