Can someone help me in options?

A

arsheshadri

New Member
#1
#1
Hello,

I am a new trader from bangalore and want to participate in options.

Last week I brought 300 reliance put option for strike price 1920Rs and payed premium of 100Rs.

Now the premium for above lot is showing as 130Rs.

If I square (Sell my put option) of my position, Will I be getting a profit of 30Rs per share?

Thanks & Regards
Shesha
 
M

mayavi99

Well-Known Member
#2
#2
You have picked up a single lot of Reliance Put(1920). If you sell it at the current price of 130, then your profit is (130-100) x i lot; that is Rs. 30x300=Rs.9000/= Brokerage and taxes are extra.
 
Capricorn

Capricorn

Well-Known Member
#3
#3
arsheshadri said:
Hello,

I am a new trader from bangalore and want to participate in options.

Last week I brought 300 reliance put option for strike price 1920Rs and payed premium of 100Rs.

Now the premium for above lot is showing as 130Rs.

If I square (Sell my put option) of my position, Will I be getting a profit of 30Rs per share?

Thanks & Regards
Shesha
Click to expand...
Nice trade mate...:clapping:
 
A

AW10

Well-Known Member
#4
#4
Don't let this first winning trade fool you that option trading is easy and you can 30% return in a day.

Be careful in your next trade. If it has gone against you, they you would be sitting at loss of 30% in a day..

Ride the profit but don't let you profit turn into loss.

Happy Trading
 
M

mayavi99

Well-Known Member
#5
#5
AW10 said:
Don't let this first winning trade fool you that option trading is easy and you can 30% return in a day.

Be careful in your next trade. If it has gone against you, they you would be sitting at loss of 30% in a day..

Ride the profit but don't let you profit turn into loss.

Happy Trading
Click to expand...
A very valuable advice to remember. Sesha, please devote some time to go through the various threads on option trading available here. They will provide you sound and sensible guielines on various aspects of option trading.
 
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