i am weak in option's ,
today by mistake i buy bnf at 18911,and my sl not triggered and i have open position currently.
current price quoting 18751.
can i sell 18900 ce at 330.
so that at end of expiry i became profitable around 300 points .
plz suggest , margin is not a problem .
any flaw in this theory ?
so that my loss is covered , i not touch it till expiry , and trade other things .
today by mistake i buy bnf at 18911,and my sl not triggered and i have open position currently.
current price quoting 18751.
can i sell 18900 ce at 330.
so that at end of expiry i became profitable around 300 points .
plz suggest , margin is not a problem .
any flaw in this theory ?
so that my loss is covered , i not touch it till expiry , and trade other things .
You are correct, but you have risk if price falls further from currently as you have Future open Long position.