I trade in liquid F&O contracts (95% of times) but there are times where I need to buy positions in less liquid contracts. For Eq. I want to hedge my long position in Shriram Transport by buying SRTRANSFIN NOV 740 PE with spread 1.45 / 2.05.
The spread is bit wide and I don’t know if I should place the bid closer to 1.45 or 2.05. I would like to ideally goto a website and find the approx value of this contract at any given time to place appropriate bids.
Please let me know if there is a website / calculator for this.