Need Guidance-Whether to Square off DLF220CE

R

rbhapkar

Member
#1
#1
Dear Members,

I need some guidance, as follows:
I had bought DLF 220CE @6.20 when the Spot price was around 205 range. As on date, the Spot Price is 197 and the call is around Re1.
Will I only loose Rs.6200/- if I dont square off the same on or before expiry (as I'm travelling abroad and dont have any way to square off the same directly / thru' broker). Or will I lose additional money if the price goes further down?

Expert members, pls advise.

warm regards...RB
 
G

gunsho

Well-Known Member
#2
#2
rbhapkar said:
Dear Members,

I need some guidance, as follows:
I had bought DLF 220CE @6.20 when the Spot price was around 205 range. As on date, the Spot Price is 197 and the call is around Re1.
Will I only loose Rs.6200/- if I dont square off the same on or before expiry (as I'm travelling abroad and dont have any way to square off the same directly / thru' broker). Or will I lose additional money if the price goes further down?

Expert members, pls advise.

warm regards...RB
Click to expand...
While buying an option the max you loose is the premium you paid.

This is one of the fundamentals of options. IMHO, you could easily find these answers my friend. Mostly the brokers have a FAQ explaining these basics.
 
R

rbhapkar

Member
#3
#3
Dear GunSho

Thanks for the prompt response.
Had read about the same. But wanted a double confirmation on the same and hence had posted the query here.

Warm Regards...RB
 
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