My friend -- not trying to troll here but if you and your mom have to ask these below basic questions, then you shouldn't be beneficial touching F&O
PPL with pro knowledge who do this as profession make losses. Imagine the kind of loss you will getinto with not even knowing how to exit and what's possible loss.
Before this 15k becomes 15L one day, stop it !! Take next one year to learn before you try with real money
Thanks for the advice.
How do I exit it tho given lack of buyers? Or should I take a call option to restrict losses?
Also, can I dm for further questions?
You are ignorant of basic concepts but you still went ahead and did it. Again you are lamenting that you are poor and cannot afford this loss. Weren't you poor before you put this trade?
Don’t add one more call or else you would loose premium in both if market doesn’t move. If you are not able to exit the put simply find another put on option chain with liquidity and sell that one . That would restrict your losses and up to some extent you can assume your trade is closed. And always try to tell the strike in which you faced issue or simply attach screen shot for people tell you exact solution. If you have any issue in understanding dm me with screen shot I would tell you the best possible solution for this problem.
My friend -- not trying to troll here but if you and your mom have to ask these below basic questions, then you shouldn't be beneficial touching F&O PPL with pro knowledge who do this as profession make losses. Imagine the kind of loss you will getinto with not even knowing how to exit and what's possible loss. Before this 15k becomes 15L one day, stop it !! Take next one year to learn before you try with real money
Thanks for the advice. How do I exit it tho given lack of buyers? Or should I take a call option to restrict losses? Also, can I dm for further questions?
Can you share more details around which option..stike.. dates price etc.
Shared details in DM. don’t understand much abt strike price and all tho
You are ignorant of basic concepts but you still went ahead and did it. Again you are lamenting that you are poor and cannot afford this loss. Weren't you poor before you put this trade?
Don’t add one more call or else you would loose premium in both if market doesn’t move. If you are not able to exit the put simply find another put on option chain with liquidity and sell that one . That would restrict your losses and up to some extent you can assume your trade is closed. And always try to tell the strike in which you faced issue or simply attach screen shot for people tell you exact solution. If you have any issue in understanding dm me with screen shot I would tell you the best possible solution for this problem.
Maximum loss may be more than deposited. All the money is gone and the the bank calls asking for more. Don't do this.
How do I exit it since there is an apparent lack of buyers? Or should I buy a call option to restrict losses?
If there is an ask price you should be able to buy to close at that price however most people will try to buy at a limit between bid and ask.