I bought 6500 PE May series at 11.75/- for Rs.50,000 thinking the markets would correct due to profit booking and I would profit-book the PE at 13 or 14/-
But I see the premium has eroded significantly today. Is there any hope for price of the 6500 PE to get to 13 or 14/- ?
If not, how can I hedge this loss with additional capital of 1 Lac brought in?
Thanks
But I see the premium has eroded significantly today. Is there any hope for price of the 6500 PE to get to 13 or 14/- ?
If not, how can I hedge this loss with additional capital of 1 Lac brought in?
Thanks
Unless something unexpected happens, its impossible to escape from losses...
So... go back to paper trading *before* you put further a penny down the line....
You may want to scrap the position or leave it open for a miracle but stop pouring in money
until you feel you have understood what's going on actually...