Hi Sarathe, I am Mrs.Venkataramani. I am a member of traderji ( id raka2905). I read your mail on ICICIDirect & Geojit. I need a help. I am totally new to derivatives. Last week I did my first trade on options. Now I have a "PUT' (buy) open position on Geojit for Nov272008 for a strike price of 2600. I thought I lost all of the premium. But if tomorrow, NIFTY falls below it, I would like to exercise it. But in Geojit's trader terminal, I don't see any mechanism to exercise it. The helpline says that I have to do a sell against the open position. Is this same as exercising ? Before what time I should do this? My email id [email protected]. Regards
