yes bro, 7000 call almost doubled today.
but I covered that position earlier with a very small loss.
I have down bias for the markets, because I do not think NDA will get majority, no matter what the opinion polls are saying, so I was not comfortable in holding the call position.
Today's sharp up move has caught a lot of bears off guard. But strangely, although the calls have gained a lot, but still the puts have lost a very little comparatively. This is confusing me.
On normal days if such an upmove would have happened then the puts too would have crashed, but that is not happening today. Can someone explain what is the reason for the puts to not fall that much today ? I was hoping that I will be able to buy the puts at much cheaper values when such an upmove happens around exit polls, but the put values are continuing to remain high !
but I covered that position earlier with a very small loss.
I have down bias for the markets, because I do not think NDA will get majority, no matter what the opinion polls are saying, so I was not comfortable in holding the call position.
Today's sharp up move has caught a lot of bears off guard. But strangely, although the calls have gained a lot, but still the puts have lost a very little comparatively. This is confusing me.
On normal days if such an upmove would have happened then the puts too would have crashed, but that is not happening today. Can someone explain what is the reason for the puts to not fall that much today ? I was hoping that I will be able to buy the puts at much cheaper values when such an upmove happens around exit polls, but the put values are continuing to remain high !
