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| Discuss How to handle this Open position at the Options within the Traderji.com - Discussion forum for Stocks Commodities & Forex; Traderji, I bought call option of FEB - INFOSYS@2850 at premium of 78.50. The ... |
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#1
14th February 2006, 01:43 AM
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How to handle this Open position
Traderji,
I bought call option of FEB - INFOSYS@2850 at premium of 78.50. The LTP is now at 70 and spot price is at 2855. What should I do now ? Is there any best strategy to minimise the losses ? Iam using ICICI direct.I have the following questions pertaining to what I can do using ICICI direct Is there any way I can sell this contract at 70 atleast? If so how ? Is there any way I can take the delivery of the stocks?If so how? This is my first trade in options and badly needed your guidance. Thanks, mb 
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#2
14th February 2006, 11:47 AM
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Re: How to handle this Open position
Hi mb123,
You have the following alternatives, Sell at cmp and take the loss. or Sell a 2900 call , that would make it a spread, the premium ( currently at 30)recd should offset your loss to some extent and manage the trade from there. or Buy a 2850 put, now at 57. This would mean you need a 135 point move just to break even. Tough. Take your choice. Trade well
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#3
2nd March 2006, 12:31 AM
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Re: How to handle this Open position
I suggest you buy a March put 3150 and hope to compensate the loss.
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