Not to worry E1 - Nifty 4999 ke neeche hi jaayegai shayad.. kal .. maybe intra.. maybe EOD god knows BUT - Reliance mein as of today OI dekh ke laga down jana hai .. PEs getting covered and CEs written.
Switched from Long CE to Long PE at same rates for 820 strike. For 2/3 days .. waise Nifty I stand by what I said earlier 5180 coming. Ab straight line mein to jaane wala nahi hai ....
2/3 cos .. never expect anything to happen coz if it does then it would take a lot of people down with it ... esp those from where these people don't want ...
I used to do this a long time ago, it is only a slow bleed.
Either you know the direction or you don't.
If you are not sure, stay out and only get in when you know.
Instead of buying a call to offset the loss, go further in the OTM options in your direction so that any loss is minimal.