Dear Knowledgable Members,
I am badly stuck in nifty options and need guidance from you.
I purchased Nifty 4000 Puts and sold 3900 puts at the begining of this month. While the market was going down, I was having loss on 3900 puts, but that was protected by the 4000 put I was long. However, even though my 3900 short put position was naturally hedged by 4000 long put, yet ICICI squared off my 3900 position on the excuse of it going into losses and it needs more margin.
Now the market has increased considerably, and I have following 2 problems:
1. The unethical behaviour of ICICI in closing my 3900 position is unacceptable. What action can I take against them?
2. Now that my 3900 short position got closed in losses and 4000 still remained, which has now gone into severe losses, due to the upside market has seen since then, what is the solution to me to minimise the losses?
Hope the knowledgeable members would help me out.
Thanks,
Anand
I am badly stuck in nifty options and need guidance from you.
I purchased Nifty 4000 Puts and sold 3900 puts at the begining of this month. While the market was going down, I was having loss on 3900 puts, but that was protected by the 4000 put I was long. However, even though my 3900 short put position was naturally hedged by 4000 long put, yet ICICI squared off my 3900 position on the excuse of it going into losses and it needs more margin.
Now the market has increased considerably, and I have following 2 problems:
1. The unethical behaviour of ICICI in closing my 3900 position is unacceptable. What action can I take against them?
2. Now that my 3900 short position got closed in losses and 4000 still remained, which has now gone into severe losses, due to the upside market has seen since then, what is the solution to me to minimise the losses?
Hope the knowledgeable members would help me out.
Thanks,
Anand