Option experts need help with current position

[nuravdua]

I want to minimize my current option losses. There are some naked option buys that I have done. It is for June expiry. Anything that I can do reduce my losses, please suggest.

 

[Shouvik101]

It would be great if you can focus on the risk-reward ratio. I am no expert but I can give you contacts. If you are interested you can ping me.

 

[bunti_k23]

ask that person who told you to buy naked options.....

 

[columbus]

As far as possible it is better to stick with INDEX rather than with STOCKS.

 

[omp686]

I want to minimize my current option losses. There are some naked option buys that I have done. It is for June expiry. Anything that I can do reduce my losses, please suggest.

View attachment 46135

naked option trade should not do atleast have S/L alwasy do options hedge strategy or spread strategy

 

[indextraders]

good day mr. nuravdua ,, as u have not made any s/l ,,in current situation u must atleast use hedge spread stratgy to minimise your losses to some extent..stock options are of different nature in comparision to index ...so if you are not pretty sure for any position ,,always to to do hedge strategy.trading in option nakedly is bad practice....as it will build huge loss,,which u can never assume urself,,when u realize till then time is lost and money is out of money..