Option experts need help with current position

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.



Well-Known Member
ask that person who told you to buy naked options.....
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..

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