Hi Folks
I am new in FNO at NSE. I got a put for some Rs5 . It expires in > 1 month ( Aug 11 put ) . Bought when NIFTY was like 5620. Y'day it traded in the range of Rs 6.3 -5 and y'day the NIFTY was ranging between 5600+ to < 5600.
Today NIFTY is < 5600. So price has gone down but Put value is now DECREASED ? to < Rs 5 . Why so . So much time has not passed to come near expiration to activate time decay.. so why value go down so badly ? bascially I was not aware of the harami commission my broker icici is charging and took this call. Later I realized - Rs90 per lot round trip crazy commission .... total ruin of trade. I want to get at least Rs2 profit to come close to break even . ..... can someone help figure out
I am new in FNO at NSE. I got a put for some Rs5 . It expires in > 1 month ( Aug 11 put ) . Bought when NIFTY was like 5620. Y'day it traded in the range of Rs 6.3 -5 and y'day the NIFTY was ranging between 5600+ to < 5600.
Today NIFTY is < 5600. So price has gone down but Put value is now DECREASED ? to < Rs 5 . Why so . So much time has not passed to come near expiration to activate time decay.. so why value go down so badly ? bascially I was not aware of the harami commission my broker icici is charging and took this call. Later I realized - Rs90 per lot round trip crazy commission .... total ruin of trade. I want to get at least Rs2 profit to come close to break even . ..... can someone help figure out
Last edited: