- My Question is Can I hold This Position Till EXPIRY day 2017-10-26?
- How Profit and Loss will be calculated? on DAY BASIS or The day I will exit from this Order?
- To Exit this order I have to place A fresh SELL Order of same Quantity?
you can hold it till expiry
p/l will be calculated on the day you exit
Be careful with deep OTM options as the price depreciates (your option will become zero if spot nifty doesn’t go above 10500 ) rapidly as we near expiry and they don’t appreciate/depreciate exactly as per the spot nifty price levels.
If Premium Goes ZERO, My Maximum Loss will be Rs.352.5/- + Tax & Brokerage?
Yes. Premium Paid (2.35 * 150) + Brokerage + Taxes. Learn About Option Trading Basics in Zerodha Varsity, it’s free and well written.
Yes (Loss: -406.34)
You can easily calculate everything at the below link: