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| Discuss Need help Understanding options at the Options within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Hello. I purchase IFCI 45 CA yesterday for 0.65 INR and market closed at 0.65 ... |
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#1
20th September 2008, 12:08 PM
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Need help Understanding options
Hello.
I purchase IFCI 45 CA yesterday for 0.65 INR and market closed at 0.65 itself. Probably the time i bought the IFCI options lot the IFCI equities price was around 40.2, closed at 40.5. The lot size of IFCI is 1970. Did i made profit/loss/neutral excluding the brokerage charges. Could some help me with the calculation. What if on monday the IFCI equities share price touches 45, how does it reflects my option CA bought. Will i make profit or loss or neutral and is there anything more i need to do to sell this CA and gain profit, like do i need to buy a PA then only will it complete one cycle of transactions? Thanks Abhinandan 
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#2
20th September 2008, 12:18 PM
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Re: Need help Understanding options
bro all i can say is avoid stock options bcoz buyer disappear due to lack of liquidity when u r in profit i also work in options but only in RELIANCE N NIFTY .thats my view choice is urs
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#3
20th September 2008, 12:30 PM
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Re: Need help Understanding options
Thanks bro for alerting me. I will try to be far from it then ... but i have taken to test ...so shall i seel it tomorrow if it is greater than .65 tomorrow
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#4
20th September 2008, 12:42 PM
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Re: Need help Understanding options
On monday as expected mkt is going to b gap up u can hav profit in the morning but after lunch only satyajit Da alex sunil n god knows. best of luck
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#5
20th September 2008, 01:03 PM
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Re: Need help Understanding options
Expiry next week, time value will reduce the option price even if the stock goes up.
Try to square off on monday & if you get a good price well above... 
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#6
20th September 2008, 01:05 PM
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Re: Need help Understanding options
put a bid at the rate which suits u before mkt open can b any one lallu pick up at mkt rate n ur in profit hahahaaha try ur luck some time it works
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#7
20th September 2008, 01:07 PM
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Re: Need help Understanding options
Hi, is there a need for me to buy a PUT call for IFCI to complete one cycle of transaction or i just need to sell the one i bought.
Can i sell the CALL i bought for the same strike price with may be a bit better premium assuming .75. Will i be in loss, since the strike price has not been reached
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#8
20th September 2008, 01:14 PM
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Re: Need help Understanding options
yes bro u will b in loss dont know about ur brokerage but dont go for buying put bcoz as expiry comes near ur prem of call n put both goes down.try to trade in next mnth options after three weeks of trading i mean if u had to enter in trade now u must had bought of oct now so no tension of closing in a haste. take care
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#9
20th September 2008, 01:17 PM
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Re: Need help Understanding options
Thanks for all information provided. One last thing, the brokerage statement i received for my purchase of CALL is 70. So would be helpful if i know how to calculate the loss or profit........
An example would help me understand.
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#10
20th September 2008, 01:28 PM
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Re: Need help Understanding options
bro exactly i dont know but know this that when u sell it is approx 1.5 then the buying bcoz of addition of STT etc .it will b around 150Rs per lot buying selling if ur brokerage is .30Rs n .03Rs so ur cost will b around 75-80 paisa in that lot with brokerage above that u will b in profit best of luck again time to go for lunch if u hav further querry can pm me i will ans u to the best of my knowledge aaafter lunch or her some one else can respond u anytime tc
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