yesterday 5-3-09 I bought 2 nifty puts 2500 strike @ rs72/- , when the market nifty was at 2582 about . My guess was that the market would break 2500, but today it is at 2620 and the rate of 2500 puts is at 44. Although I feel strongly that the market would breach 2500, but in case it further goes adverse to my position what strategy i should adopt:
1)quit at 40/-
2) buy 2 or 3 more puts to bring down the average to about 45/- and then square of at some profit or break even or minimum loss.
3)buy nifty futres 2 lots.
4) shift to april 2500 puts.
I shall be thankful if experienced traders give advise to a newbie.
thanks
vkwd7
1)quit at 40/-
2) buy 2 or 3 more puts to bring down the average to about 45/- and then square of at some profit or break even or minimum loss.
3)buy nifty futres 2 lots.
4) shift to april 2500 puts.
I shall be thankful if experienced traders give advise to a newbie.
thanks
vkwd7