Hello everybody,
My name is Pratik. I am a newbie into options.
I have been investing a small amount in nifty option, i.e. call or put with the lot size of 50.
On June 27th Friday I had bought 2 lots of nifty call 4200 at the last trading price of Rs 150 per lot. At that time nifty index was 4144.
Unfortunately just after that the market plummeted and the last trade price of my 2 lots had gone down to 50 and now it is around 30.
I have bought 2 more lots @ rs25 to average the cost and hope that it the markets increases a bit.
My questions are:
Should I average it more and buy 2 or 4 more lots at a price lower than 20?
What re your suggestions?
Thanking You
Yours sincerely
Pratik
My name is Pratik. I am a newbie into options.
I have been investing a small amount in nifty option, i.e. call or put with the lot size of 50.
On June 27th Friday I had bought 2 lots of nifty call 4200 at the last trading price of Rs 150 per lot. At that time nifty index was 4144.
Unfortunately just after that the market plummeted and the last trade price of my 2 lots had gone down to 50 and now it is around 30.
I have bought 2 more lots @ rs25 to average the cost and hope that it the markets increases a bit.
My questions are:
Should I average it more and buy 2 or 4 more lots at a price lower than 20?
What re your suggestions?
Thanking You
Yours sincerely
Pratik