Need Help regarding option trading

#1
I bought 1 lot of Banknifty for strik price of 32500CE at 9.60 for expiry of 19 dec 2019
What kind of situation are applicable to this trade ?
Can i sell that 1 lot before expiry
if it expired what will happen ?
currently Bank Nifty at 31712.

MTM is minus 169

please help explain what can happen to this trade ?
 
#2
I bought 1 lot of Banknifty for strik price of 32500CE at 9.60 for expiry of 19 dec 2019
What kind of situation are applicable to this trade ?
Can i sell that 1 lot before expiry
if it expired what will happen ?
currently Bank Nifty at 31712.

MTM is minus 169

please help explain what can happen to this trade ?
GUESS u have bought at 96 and not 9. 60!!!!
u can sell any time as u like before expiry .
if u allow to expire then if expry on 19th dec is above 32500 .. say 32600 then u will get (32600-32500)*20- STT and other brokerage charges . always close it before expiry .
if mkt expires below 32500 on 19th dec then u r position will be at 0.05
 
#3
You can sell it anytime but be aware that it's losing Rs. 7 every day in value due to theta decay and the probability of you making money if you keep till expiry is 5% since it's a 5 delta option. In short, there's a 95% probability that it will become 0 and you will lose your entire money if you keep till expiry.
 

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