Solution for my Options Portfolio Nov 2013 Expiry :(

R

rsk11584

Member
#1
#1
Dear Friends,

I got so involved in the market that did not realize at alll what i was doing, and was like not in my senses, now find the following in my portfolio, had hold the call option in view that it will go up and had not booked the profit (little) but waited for more and neither booked stop loss. Now all the LTP / CMP are down too down:

Can someone suggest me a solution for each of the options below, any chance of recovery , any help / advice would be greatly appreciated, thanks :(
OPT-BANBAR-28-Nov-2013-640-CE 500Nos @ 17.81 Current Price / LTP is 3.45 Net Loss till now -6301.37 Equity Price:609.40

OPT-BANIND-28-Nov-2013-240-CE 4000Nos @ 8.45 Current Price / LTP is 0.35 Net Loss till now -32735.68 Equity Price:209.60

OPT-CANBAN-28-Nov-2013-260-CE 1500Nos @ 9.75 Current Price / LTP is 1 Net Loss till now -13370.07 Equity Price:236.95

OPT-IDECEL-28-Nov-2013-185-CE 2000Nos @ 3.5 Current Price / LTP is 0.6 Net Loss till now -5883.01 Equity Price:174.40

OPT-IDFC-28-Nov-2013-110-CE 2000Nos @ 5 Current Price / LTP is 0.4 Net Loss till now -9284.88 Equity Price:101.45

OPT-RELCAP-28-Nov-2013-380-CE 2000Nos @ 5.57 Current Price / LTP is 0.6 Net Loss till now -10114.24 Total Net Loss 77689/- Equity Price: 350.50

Also Holding the following stocks in Tech Mahindra:

1000 Qty of 1700 CE Nov Expiry @ 44 , CMP / LTP is somewhat 21 and have hopes of TM reaching to 1700 by Nov expiry Equity Price:1667.35
Also have
1000 Qty of 1800 CE Dec Expiry @42 , since its Dec expiry need not worry now, please advice me ;)
 
mmca2006

mmca2006

Active Member
#2
#2
Dear rsk11584 , my view is as follows--


OPT-BANBAR-28-Nov-2013-640-CE 500Nos @ 17.81 Current Price / LTP is 3.45 Net Loss till now -6301.37 Equity Price:609.40

Don't think that BOB will reach 658 within 28/11/13 , so IMO loss should be accepted and trade should be closed immediately

OPT-BANIND-28-Nov-2013-240-CE 4000Nos @ 8.45 Current Price / LTP is 0.35 Net Loss till now -32735.68 Equity Price:209.60

Don't think that BOI will reach 249 within 28/11/13 , so IMO loss should be accepted and trade should be closed immediately

OPT-CANBAN-28-Nov-2013-260-CE 1500Nos @ 9.75 Current Price / LTP is 1 Net Loss till now -13370.07 Equity Price:236.95

Don't think that CANBK will reach 270 within 28/11/13 , so IMO loss should be accepted and trade should be closed immediately

OPT-IDECEL-28-Nov-2013-185-CE 2000Nos @ 3.5 Current Price / LTP is 0.6 Net Loss till now -5883.01 Equity Price:174.40

same as stated above

OPT-IDFC-28-Nov-2013-110-CE 2000Nos @ 5 Current Price / LTP is 0.4 Net Loss till now -9284.88 Equity Price:101.45

same as stated above

OPT-RELCAP-28-Nov-2013-380-CE 2000Nos @ 5.57 Current Price / LTP is 0.6 Net Loss till now -10114.24 Total Net Loss 77689/- Equity Price: 350.50

same as stated above
Also Holding the following stocks in Tech Mahindra:

1000 Qty of 1700 CE Nov Expiry @ 44 , CMP / LTP is somewhat 21 and have hopes of TM reaching to 1700 by Nov expiry Equity Price:1667.35
Should close the trade and accept the profit whatever little it is ..

Also have
1000 Qty of 1800 CE Dec Expiry @42 , since its Dec expiry need not worry now, please advice me ;)[/QUOTE]

May convert it to a spread...

at last my suggestion is Please DON'T TRADE LIKE THIS ,IF YOU DO THIS < WILL BE OUT OF THE MARKET SOON--hope you won't mind but your trades forced me to feel bad,CONSIDER THE LOSS AS COST OF YOUR REAL TIME EDUCATION FROM MARKET.
 
J

jagankris

Well-Known Member
#3
#3
rsk11584 said:
Dear Friends,

I got so involved in the market that did not realize at alll what i was doing, and was like not in my senses, now find the following in my portfolio, had hold the call option in view that it will go up and had not booked the profit (little) but waited for more and neither booked stop loss. Now all the LTP / CMP are down too down:

Can someone suggest me a solution for each of the options below, any chance of recovery , any help / advice would be greatly appreciated, thanks :(
OPT-BANBAR-28-Nov-2013-640-CE 500Nos @ 17.81 Current Price / LTP is 3.45 Net Loss till now -6301.37 Equity Price:609.40

OPT-BANIND-28-Nov-2013-240-CE 4000Nos @ 8.45 Current Price / LTP is 0.35 Net Loss till now -32735.68 Equity Price:209.60

OPT-CANBAN-28-Nov-2013-260-CE 1500Nos @ 9.75 Current Price / LTP is 1 Net Loss till now -13370.07 Equity Price:236.95

OPT-IDECEL-28-Nov-2013-185-CE 2000Nos @ 3.5 Current Price / LTP is 0.6 Net Loss till now -5883.01 Equity Price:174.40

OPT-IDFC-28-Nov-2013-110-CE 2000Nos @ 5 Current Price / LTP is 0.4 Net Loss till now -9284.88 Equity Price:101.45

OPT-RELCAP-28-Nov-2013-380-CE 2000Nos @ 5.57 Current Price / LTP is 0.6 Net Loss till now -10114.24 Total Net Loss 77689/- Equity Price: 350.50

Also Holding the following stocks in Tech Mahindra:

1000 Qty of 1700 CE Nov Expiry @ 44 , CMP / LTP is somewhat 21 and have hopes of TM reaching to 1700 by Nov expiry Equity Price:1667.35
Also have
1000 Qty of 1800 CE Dec Expiry @42 , since its Dec expiry need not worry now, please advice me ;)
Click to expand...
I am sorry for your loss.

1) Who advised you to take these trades ?
2) Pls square off the options before it becomes zero - if it has very less probability of ending up in profit.
3) Dont worry about the loss - every single trader has lost money before not making these mistakes.
4)Curb the urge to recover of losses immediately.
5) Pls stop trading for now.
6)Keep posting your questions and learn before re entering markets.
 
munde_77

munde_77

Banned
#4
#4
rsk11584 said:
Dear Friends,

I got so involved in the market that did not realize at alll what i was doing, and was like not in my senses, now find the following in my portfolio, had hold the call option in view that it will go up and had not booked the profit (little) but waited for more and neither booked stop loss. Now all the LTP / CMP are down too down:

Can someone suggest me a solution for each of the options below, any chance of recovery , any help / advice would be greatly appreciated, thanks :(
OPT-BANBAR-28-Nov-2013-640-CE 500Nos @ 17.81 Current Price / LTP is 3.45 Net Loss till now -6301.37 Equity Price:609.40

OPT-BANIND-28-Nov-2013-240-CE 4000Nos @ 8.45 Current Price / LTP is 0.35 Net Loss till now -32735.68 Equity Price:209.60

OPT-CANBAN-28-Nov-2013-260-CE 1500Nos @ 9.75 Current Price / LTP is 1 Net Loss till now -13370.07 Equity Price:236.95

OPT-IDECEL-28-Nov-2013-185-CE 2000Nos @ 3.5 Current Price / LTP is 0.6 Net Loss till now -5883.01 Equity Price:174.40

OPT-IDFC-28-Nov-2013-110-CE 2000Nos @ 5 Current Price / LTP is 0.4 Net Loss till now -9284.88 Equity Price:101.45

OPT-RELCAP-28-Nov-2013-380-CE 2000Nos @ 5.57 Current Price / LTP is 0.6 Net Loss till now -10114.24 Total Net Loss 77689/- Equity Price: 350.50

Also Holding the following stocks in Tech Mahindra:

1000 Qty of 1700 CE Nov Expiry @ 44 , CMP / LTP is somewhat 21 and have hopes of TM reaching to 1700 by Nov expiry Equity Price:1667.35
Also have
1000 Qty of 1800 CE Dec Expiry @42 , since its Dec expiry need not worry now, please advice me ;)
Click to expand...
It is too late . Otherwise you could have used opion repair strategy. It works atleast 10 to 15 days before expiry. At least you can reduce your losses upto 70 to 80 % if option repair strategy is used property atleast before 10 days of expiry . It is too late bro. Why should take such a huge risk. Time decay is already eroded a lot. If you buy options , it should not be held for 7 to 10 days if it doesnt move in our favour and should exit with a loss. Atleast you could have use the bull spread strategy. Bad luck bro
Selling is rather more risky (if you dont know how to adjust/repair/exit) than buying option becoz the risk involved is unlimited.. My advise is keep away from options . First learn thoroughly and paper trade for six months. if not six months , atleast for three months. Keep an eye how the delta,theta , gama, vega etc move with different strike prices etc. Theory and practical is quite different for options trading in real market. It fluctuates a lot during real time. it needs lot of time to learn.
 
munde_77

munde_77

Banned
#5
#5
Option Repair Strategy should be used as soon as the premium is eroded by 50% , If the premium eroded is more than 50% but below 70%. The Option repair strategy will work only partially , i.e you can recover your losses roughly 50%. If aggressive option repair strategy is used there is chance of good recovery of losses but also there is also risk great loss if market moves sharply against you. To Certain extent option repair strategy works. We should apply it before it is too late.
 
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