Bank Nifty JUL FUT closed today on 26425. I have bought BANK NIFTY 2300 PE. Tomorrow is Thursday and thus expiry. According to technical analysis, Bank Nifty will open negative. I have bought my option at Rs. 300 per contract. My query is if Bank Nifty FUT moves in my direction,
- Will my options gain at price because underlying security has moved in my favour, i.e. option will go above Rs. 300 ( at least for some time so that I can close my position)
- Will my options lose money and directly hit 0 ( because of its expiry ) and I won’t have any time to close my position at least at partial loss ?
Also will I get enough liquidity to close my position?
Please reply at the earliest as this is worrying me.