JP 170 PA any views ?

AW10

Well-Known Member
#2
Hi all,

I have bought JP 170 PA at 9.5. Could anybody suggest me whether I hold it or not ?
You are holding a loosing option as JP is heading up. Your option will loose value
1) Every day due to time decay
2) It will become more Out-of-the-money (OTM) as JP goes up
3) As it goes OTM, there will be less liquidity in option so you might find difficult to sell your option

For your option to give you profit, JP has to drop to 160 level by end of month.

Consider above factors and take your own decision. You will gain more confidence by that rather then depending on somebody else's suggestion (as they have no interest whether you loose or make money).

Happy Trading
 

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