Hey all
I'm new to options trading.
I bought a put option of nifty PE9200 when the nifty was 9900 premium Rs.5
The next day the nifty fell down by 100 points and the premium increased by RSs.1 i.e Rs. 6
I sold it and got profit of 1500 after brokerages and tax
The next i checked my portfolio the profit decreased from 1500 to 1000
Why did this happen if i already had squared off my position ?
I'm new to options trading.
I bought a put option of nifty PE9200 when the nifty was 9900 premium Rs.5
The next day the nifty fell down by 100 points and the premium increased by RSs.1 i.e Rs. 6
I sold it and got profit of 1500 after brokerages and tax
The next i checked my portfolio the profit decreased from 1500 to 1000
Why did this happen if i already had squared off my position ?