PantaloonR [523574] - Bull or Bear?

A

amlearning

Member
#4
#4
I'm going in Long tomorrow @ Rs.200/205 for 1000 shares (1 Lot Fut)
Plus
1 Dec Exp Put option.
Let's see what happens. I'll tolerate a loss of Rs. 50. {SL = 150}
 
A

amlearning

Member
#5
#5
amlearning said:
I'm going in Long tomorrow @ Rs.200/205 for 1000 shares (1 Lot Fut)
Plus
1 Dec Exp Put option.
Let's see what happens. I'll tolerate a loss of Rs. 50. {SL = 150}
Click to expand...
Sorry, I forgot to update this.
I cut off 1 Lot of Fut @ loss of Rs. 45.
I'm still sitting with the 200 Dec 29 Put Option. Bought @ Rs. 6/-. Now it's Rs. 69/-
Expiry in 7 days. Shall I hold it 1 or 2 days or sell it fast?
 
A

amlearning

Member
#6
#6
Hello friends,

I'm in little confusion in here. The put option is European. I can settle it on day of expiry. Doesn't options expire worthless? What am I supposed to do? Do I have to take delivery of the underlying stocks on Dec 29? (I don't want that)
I'm panicking. Please help.
 
NiftyFantasy

NiftyFantasy

Well-Known Member
#7
#7
amlearning said:
Hello friends,

I'm in little confusion in here. The put option is European. I can settle it on day of expiry. Doesn't options expire worthless? What am I supposed to do? Do I have to take delivery of the underlying stocks on Dec 29? (I don't want that)
I'm panicking. Please help.
Click to expand...
I dont think European contracts is deliverable. It is actually american contracts which is deliverable. So dont worry you will be credited the difference on exipry date.

regards
 
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