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#1
7th February 2006, 09:48 AM
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Stuck in Options due to GujAmbuja-Holcim Deal
Hi All,
I am very new to this forum and this is my first message to all the expert here. I am glad to be a part of this forum. Few days back when GujAmbuja-Holcim deal was done I got the news that heavy buying is seen in Gujrat Ambuja and stock price will shoot upto 100. So I bought (23rd Feb) 1 lot of GujAmb Call option with 100 strike price and a premium of 2. Ever since i bought this its going down and now the premium is 40 paisa. Can anybody suggest me what to do now and how to cover my losses. If not in this stock is there any other stock where in I can buy or sell CALL option for Feb 23rd Options to cover my losses and may be gain something more than this :-) Any ideas on this wud be really appreciated. Thanks to all in advance. Regards Abhinav 
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