Hi
I have traded options for first time,please advise
I traded from icicdirect
1 lot--50--NIFTY
strike price:5600
premimum: 270
Investment: 13500
Break Even point: 5330 - brokerage
Today's 5600 put is going at 300 premimum
Am I in profit if I square off ?
What is the max profit I can make if I hold and market goes down.
I think my max loss is limited to 13500, please correct if I am wrong.
Experts please advise what could be max profit and loss.
Also, if I market goes up and premimum comes to 200, Can I square off then my loss will be 70*50=3500 , Is this correct ?
Thanks
Cool_kk
I have traded options for first time,please advise
I traded from icicdirect
1 lot--50--NIFTY
strike price:5600
premimum: 270
Investment: 13500
Break Even point: 5330 - brokerage
Today's 5600 put is going at 300 premimum
Am I in profit if I square off ?
What is the max profit I can make if I hold and market goes down.
I think my max loss is limited to 13500, please correct if I am wrong.
Experts please advise what could be max profit and loss.
Also, if I market goes up and premimum comes to 200, Can I square off then my loss will be 70*50=3500 , Is this correct ?
Thanks
Cool_kk