Hi Jayamsuccess;
U r indeed a success.congratulations on both ur positions being in profit.
When u sell an option ; ur profit is the premium received.In ur case rs.110/.;that is provide NIFTY doesn't go above 5750.Even Nifty goes down much below, u will not get further benifit. On the other hand ;If Nifty goes above that then u are bound to pay the the buyer the difference between 5750 & the figure at which Nifty closes on the F & O expiry. So ; in ur CE sellposition ; u keep a stop loss to protect the erosion of premium, in case Nifty reverses. U can buy back the CE any time u want; & close the position before the expiry. But in that case ur profit will be 110-the rate at which u buy the CE.
In case Nifty closes below 5750 , then ur full premium of 110/. is ur profit. No more , No less.
Coming to ur PUT OPTION U R IN VERY GOOD PROFITS.
Currently 5600 pe is @421.65/. & ur purchase price is 63/. Ur profit : 421.85-63.
U have 2 choices ;either u can bk. the profit by selling or u can let the profits run with a trailing stop loss to protect ur profits.
Looking at the mkt. conditions, it would be prudent to let the profits run with a trailing stop.
Cheers.