Double down BRO!!!! It can't keep going higher!
For reals though, time to hit the eject button and bail on this bitch.
For reals though, time to hit the eject button and bail on this bitch.
Stuck in a trade, any help welcome
- Thread starter marinemonk
- Start date
Quote from marinemonk:
I trade index options on the Indian CNX Nifty Index (Bloomberg NIFTY:IND). Two weeks ago, with the Index at around 5300, I had sold 5800 calls expiring on the 26th of September. I did not sell the corresponding puts immediately as the market had run up over the past two days and I thought I could get a better rate if I waited. Since then, the market has run up some 11% and is trading at 5900. Two days ago, at around 5750, I bought back the 5800 September calls and sold the same number of 6000 October calls (expiring 31st October). Since then the price of the October calls has almost doubled and I'm staring at a big hole.
Would appreciate any ideas on how to get myself out of this mess
Losses are a part of trading...if you cannot accept this then don't pull the trigger. Learn to take a loss and move on.
sell short or put is the most stupid thing to do!
there is limited gain, but unlimited loss. most people would be instutions to do that, since they are not naked to short, they have balls (lot of inventory)to cover their ass hole
a sure way to lose more than you think.
close out immeadiately.
you are playing fire.
there is limited gain, but unlimited loss. most people would be instutions to do that, since they are not naked to short, they have balls (lot of inventory)to cover their ass hole
a sure way to lose more than you think.
close out immeadiately.
you are playing fire.
Thanks to everyone who replied.
I did book my loss and get out, so that chapter is closed.
I did book my loss and get out, so that chapter is closed.