I trade in options heavily but HAVE NEVER traded without a Hedge.
SL is useless these days as mkts straightaway open 200 points either side so the Ce or Pe value decreases heavily even before we cn think of Sq off.
Am also short on Nifty but with a very conservative strategy 2 lot 2600 pe and 1 3100 ce.
As i trade a bit in OTm ce pe , i always sq off my options positions before 20th of every month due to time decay.
HEdging is really very imp . even if it kills my Profit by 40% am happy using it to get even 60%
Will add one more Pe to my kitty if we go nearby 3100.
Will advise you to hedge otherwise like me in my first trade , my 7-8k were wiped off straightaway without any chance.
SL is useless these days as mkts straightaway open 200 points either side so the Ce or Pe value decreases heavily even before we cn think of Sq off.
Am also short on Nifty but with a very conservative strategy 2 lot 2600 pe and 1 3100 ce.
As i trade a bit in OTm ce pe , i always sq off my options positions before 20th of every month due to time decay.
HEdging is really very imp . even if it kills my Profit by 40% am happy using it to get even 60%
Will add one more Pe to my kitty if we go nearby 3100.
Will advise you to hedge otherwise like me in my first trade , my 7-8k were wiped off straightaway without any chance.