How to modify a running strategy

#1
i have sold two lots of October Nifty calls of 5800 strike at an average price of 35. It is currently trading at 47. Could some one pl advise me the course of action from here.
1. Should I book loss or
2. modify the position by selling some puts of lower strikes say 5300 or 5400 or
3. Buy a call option of higher strike say 5900
Appreciate response from expert strategists.
Regards
Jiten
 
#2
Try to see the logic-
1) You did this today. Thunderous day and you are selling calls. Do not go against trend. BLASPHEMY.
2) Alright, its mistake. But, don't fix it. Accept it.

I don't where market can go, I don't know if any strategy can recover your loss. I don't know anything else, but that, that you have made unpardonable sin for a trader. Book loss.
Fixing may/may not work. For god sake, if it works, you will not get the lesson and will attempt the sin again. 'Kat ki Handi bar bar nahi chadti'. Fixing it will be Kat ki Handi.
 
#3
got it. but i had actually shorted these a few days back along with 5300 Put of same expiry. i booked profit in my puts soon but kept the calls as the market started rising. any ways, i will not go against the trend and book losses if required....
thanks
Jiten