Newbie to Options

Hello Everyone,

I just entered trading in Options. Although I know how the Options work but I am not sure regarding the trading platform. I have two queries.

a) If I take call options say 9200 Feb expiry for delivery (NRML) and hold it for a couple of days. How can I square it off? I believe one way is to sell exact quantity (NRML code) of call options on exchange. Does it get squared off, if I buy equal quantity of PUT options of same strike price?

b) On NOWOnline App if I see options and see "Today's Position" and "Net Position". The average buy price keeps changing for a particular? Is this a bug or means something different than my understanding?

Excuse me if this has been asked before but I really need the answer to this.

Please do a search for the similar threads, There are ample replies on this regard.

TO answer you.
1. SQUAREOFF means executing an exactly opposite position . ex. If you are LONG( Buy) 9000CE of 1 lot for Feb expiry. To square off, you need to SHORT (Sell) 9000CE of 1 Lot for Feb expiry. It will close /square off your exposure from the options markets.

2. NET Positions - are nothing but the snapshot of your all existing /active positions. Some brokers also gives the option to see the DAY-wise positions (Intra-day snapshot of your positions , trades executed on that particular day)

NET- positions are more holistic and gives a better strategic moves, Day-wise positions are more tactical.

Hope it helps.Welcome to the world of FnO.

SaM
Its not about how much you are gonna gain, its about how much you are hedge to protect ...