option

i had buy call option of sbi at premium of 3.55 and i want to know what to do ?

Which strike price ?

We not can give you any direct advise about what you have to do with your token trade, as this would be a direct trading call to you.

Giving calls in any way is against forum rules. So do not ask such questions any more instead explain why you bought this call. So we may can discuss about that and what ever will be mentioned, you take out your decision of it and make out again your own mind about it as you did when you entered this trade.

If you lose money now in this trade, that is your fault and not our problem because we do not enter a trade and after going to a forum to ask what we have to do after we are in the trade.

Take care / Dan

thanks sir for your reply but i want to know that it will what happened if i not sell this call at expiry ? and one more thing i want to know that if it will go at my strike price it will automatically sell or i have to manually sell ?

Dear sir

SBIN call option at strike price of 270 and one lot

I do not know about your option knowledge.

Any way: I will make only one post on this and if you have more question, kindly continue with this thread and ask for what ever you need, expect any trading calls. Many option traders here, so help is there.

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At the moment you have an out of the money call option which has only time value and no intrinsic value. If your script does not move up in the next few days before expiration, your call will lose all his value to zero until expiration.

If market jumps up on expiration and your call gets in the money, the broker normally will execute the call, but not to your favor.

First point.....Always keep a habit of close your position, loss or profit at your end....don't wait for square off by Exchange on expiry.....in some cases....Exchange will levy additional charge depending upon the strike price....

Second Point....If the SBIN future goes to near 270, never ever your option will get closed automatically....you have to book profit/loss.....when you feel and if you goes to your target/s/l....

Moreover......basis of your trade on call option buy, i feel against trend....read the chart carefully and take decision....as per present situation....follow your rule not my view...

Final point...never ever ask decision to anyone after you enter the trade...then you are not confident and not done your homework....

You can ask view and not the decision..

Take Care...

Interesting problem. If you are losing money in an out of money option, you can use a call or bull spread strategy to convert a losing trade into a winning one. But profits and losses in the markets are never guaranteed

i say rule is simple First loss is best loss....

never carry home option never marry option
if it shows u profit from start keep it ride the wave.
if it;s showing u loss Put stone on heart cutt loss i put 15 % Sl from my entry price for all trade. and trust me it gets broken most of time lol

it;s never to late to save whatever u can