I was in a hurry - got badly filled - around 415/16 - now I'm in pain till CE starts playing out. Anyways, just part of game - lets wait and watch till end of month.
I'll cut this off if I'm in pain of 45 points.
I was in a hurry - got badly filled - around 415/16 - now I'm in pain till CE starts playing out. Anyways, just part of game - lets wait and watch till end of month.
I'll cut this off if I'm in pain of 45 points.
Thanks for your support, actually the trade was not wrong - it was the timing which went wrong in my trade - instead of 416, I could have got short at 420/424 level. I did not get hurt in this trade.
We might get a second chance on Jan 20 or after, let see how it rolls. + 1 Thanks
I entered short in Fut so that I can get out whenever I wanted to, I'm bit new to options. So, The idea of the trade was to enter short @ 416/420 level (with SL @ 430/5 area) and cover it at lower price. Instead of using a SL, I just used a call option (CE) for hedging.
Had I bought the 420 put option (PE), can you confirm if I would be able to take out my profits when the stock price was below Rs. 400?
Taurus, I'm not sure about trading options, hence asking. I've heard that these european options can only be closed on expiry?
Option positions can be closed anytime. No idea of the liquidity in Wipro though.
My stock option trades are only in those which have the highest liquidity.
Option positions can be closed anytime. No idea of the liquidity in Wipro though.
My stock option trades are only in those which have the highest liquidity.
What happens when there's not enough liquidity to walk out?
Hypothetically: On 15 Jan, 2012 I've entered a trade: buy-to-open Wipro 450 PE-jan-25-2012. spot price = Rs. 445.
Now, since Jan 20th onwards, the liquidity dried up completely and I'm unable to close the long position till settlement day. Wipro closes at Rs. 400 on Jan/25th.
Now, what would be the situation? Will I not get paid anything since I didn't exit/close ?