Hi bethukrupa,
Infact your HDFCBANK JUL13 500 CE call option is deep in the money and HDFC bank(spot) is trading around 683/-(i.e. very near to the strike price of 700/-). Rightnow, your loss is minimum and you can wait for the expiry date. But if you still feel nervous, then you can do one thing. Now, HDFC bank is trading around 683/- & HDFC BANK future is trading around 684. So simply call Zerodha and sell one lot of HDFCBANK fut. of current month. Since you are already long in HDFCBANK 500 CE, so you should not have to pay extramargin. You have to pay only MTM loss, i.e. 6500/- (500 X 13). Wait till the expiry and let them to close automatically. In that way your maximum loss will be around 7500/-. If you want to close your position, then try to convince Zerodha in this manner. Otherwise, wait till expiry.
My advise is since it is a wrong trade, close this position as soon as possible even by taking some loss (below 8000/-). It will give you a peace of mind. Don't trade till expiry and come afresh after that day to trade.
With Best Wishes.
Infact your HDFCBANK JUL13 500 CE call option is deep in the money and HDFC bank(spot) is trading around 683/-(i.e. very near to the strike price of 700/-). Rightnow, your loss is minimum and you can wait for the expiry date. But if you still feel nervous, then you can do one thing. Now, HDFC bank is trading around 683/- & HDFC BANK future is trading around 684. So simply call Zerodha and sell one lot of HDFCBANK fut. of current month. Since you are already long in HDFCBANK 500 CE, so you should not have to pay extramargin. You have to pay only MTM loss, i.e. 6500/- (500 X 13). Wait till the expiry and let them to close automatically. In that way your maximum loss will be around 7500/-. If you want to close your position, then try to convince Zerodha in this manner. Otherwise, wait till expiry.
My advise is since it is a wrong trade, close this position as soon as possible even by taking some loss (below 8000/-). It will give you a peace of mind. Don't trade till expiry and come afresh after that day to trade.
With Best Wishes.