Whether to hold June 9300 PUT

#1
Hello,
A am holding 20000 June 9300 PUT bought @ Rs 60. w as aon today it is trading around Rs 30. based on current market trend should I hold it for few more days or sell it and buy JULY 9300 PUT ? or is there a better strategy to recover my costs?

Ram KV
 
#2
Hello,
A am holding 20000 June 9300 PUT bought @ Rs 60. w as aon today it is trading around Rs 30. based on current market trend should I hold it for few more days or sell it and buy JULY 9300 PUT ? or is there a better strategy to recover my costs?

Ram KV
Realizing a loss of 50% always makes us sad ...but rolling over does give u some hope on the increased time till July end.

U should rollover, as TV is gonna fall faster now..unless u expect a gap down next week.

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Sidz

Well-Known Member
#3
You can wait till this wednesday. Since the price is already around 30, there are chances that it might touch 80 or it might fall to 15.

So effectively the reward ratio is higher. In case market moves up following RBI policy, its better to wait for more stronger sellings before buying a put, and not rollover to July series since the sentiment is bullish.