I have taken 870 call for November series. Can 870 come in November?
daerontrading
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@TradingWithRahul Even if it comes to 870 by November end, you'll be in loss as the time decay will eat your premium. Plus when you've bought it the premium must have been quite high due to raised IV. So this is a no win situation for you. On the way to 870 there are two stiff resistance levels also.
To have a more detailed discussion join my forum.
TradingWithRahul
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@daerontrading I have bought at 41 and now averaged it also. It is on a price of 24 for me. Even axis bank comes to 820-830, I will be able to get out cost to cost