@gmt900,
I think Raj is asking this because its expiry time and high chance is that you will lose time value. Hence during expiry week we need to be careful....in other times I would prefer to carry on with the profit making trade as much as possible because we take low risk anyway. :thumb:
Ananth,
I don't think losing time value is the issue for the trade which I have taken.
At expiry if nifty closes below 5950, I make max profit. If nifty closes above 6000, I make maximum loss. On the other hand if nifty slips below 6000before expiry, I will make profit but not max profit. If I don't close the trade then and at expiry, nifty closes above 6000, I make max loss. So, it's a question of taking the right call so that I don't lose out on the possibility of getting max profit if nifty closes below 5950 or take whatever profit I get before expiry and not take a chance. Since max pain is @5800, I might be better off taking a chance to wait till expiry. Of course, Max pain keeps on changing. But, according to Raj, in the expiry week max pain theory is more likely to work.
So, watching max pain for taking action may be the best course.