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
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