Hi,
This is my first post !!
On 3rd November 2008, I entered a Nifty strangle by buying an OTM PUT & OTM CALL.
Here is the trade:
NIFTY 27 Nov CE 3100 bought @ Rs.172
NIFTY 27 Nov PE 2900 bought @ Rs.154
Nifty was trading at 3000 Levels when I entered the strangle.
On 7th Nov, After 5 sessions NIFTY is again trading at 3000 levels only.
Now,
CE 3100 is trading @ Rs.145
PE 2900 is trading @ Rs.142
as you can see, both the options have depreciated in value.
I am experiencing 12% loss in the overall trade.
should I exit the Strangle or Hold on until expiry ?
or is it possible to do any adjustments ?
Thankyou,
warm regards,
VIJAY
This is my first post !!
On 3rd November 2008, I entered a Nifty strangle by buying an OTM PUT & OTM CALL.
Here is the trade:
NIFTY 27 Nov CE 3100 bought @ Rs.172
NIFTY 27 Nov PE 2900 bought @ Rs.154
Nifty was trading at 3000 Levels when I entered the strangle.
On 7th Nov, After 5 sessions NIFTY is again trading at 3000 levels only.
Now,
CE 3100 is trading @ Rs.145
PE 2900 is trading @ Rs.142
as you can see, both the options have depreciated in value.
I am experiencing 12% loss in the overall trade.
should I exit the Strangle or Hold on until expiry ?
or is it possible to do any adjustments ?
Thankyou,
warm regards,
VIJAY