The infosys results was quite a surprise. I had played short strangle hoping that volatility rise will help to make a successful trade. However, I lost huge amount of money. Basically the trades were Square off ed by the broker.
Unfortunately one leg of the short strangle (2500 CE, 1 lot) is still open. Now the premium is nearly three times higher than the sold price.
What can I do to close the trade by minimizing the loss?
I have started this thread with the hope that some of our seniors will help people like me to learn how to adjust option positions when the trade goes against the plan.
If most of us shares our failures and get the advise from our seniors through this forum, we will learn and prepare for a better next move.
Thanking you in advance.
Regards
Monasona
Unfortunately one leg of the short strangle (2500 CE, 1 lot) is still open. Now the premium is nearly three times higher than the sold price.
What can I do to close the trade by minimizing the loss?
I have started this thread with the hope that some of our seniors will help people like me to learn how to adjust option positions when the trade goes against the plan.
If most of us shares our failures and get the advise from our seniors through this forum, we will learn and prepare for a better next move.
Thanking you in advance.
Regards
Monasona