Bought DLF FEB 160 CE at ₹0.66 and now it's trading at ₹0.15. What to do?

General
1

Hello everyone,

My first post here.

I bought DLF FEB 160 CE (50,000) at ₹0.66 (Paid ₹ 33,000). It’s trading at ₹0.15 now.

Please help me out what to do now? Also suggest some tips for option trading. How to choose stocks? Any strategy?

2

hello trader,

Seems like you have entered a trade without an exit plan.

Considering you have made the entry on your own, Time to take on some responsibility and make an exit decision yourself.

3

Thanks for your reply. Yes, I’m going to take an exit decision myself but I seek expert’s advice here like what happens to options in last 3 days of expiry.

4

Price becomes 0. You lose everything. Square off your position. read about options trading from Zerodha varsity.

5

@Ankit7 Options can entice you to gamble recklessly. It looks like a simple product, but in reality it is a pretty complicated one. I’d advice you to figure Options trading dynamics before venturing into options trading. You will find all the material here - http://zerodha.com/varsity/module/option-theory/