My query is :
How to exit from Options which are sold before the expiry of the option? For eg. icicidirect gives this type of tips for trading:
HYBRID STRATEGY: Buy ITC Feb Future @ 248.40/- and Sell 250 Call @ 3.70/-. Exit strategy if stock breaks 245 in spot
If the spot goes below 245, then
Future can be exited by squaring off the Buy contract.
But how to exit from the Call that is sold or written? (before ecpiry of the option contract.)
Regards
Sujit Talukder
How to exit from Options which are sold before the expiry of the option? For eg. icicidirect gives this type of tips for trading:
HYBRID STRATEGY: Buy ITC Feb Future @ 248.40/- and Sell 250 Call @ 3.70/-. Exit strategy if stock breaks 245 in spot
If the spot goes below 245, then
Future can be exited by squaring off the Buy contract.
But how to exit from the Call that is sold or written? (before ecpiry of the option contract.)
Regards
Sujit Talukder