MARUTI is a car maker. But we were hit by a truck in the MARUTI trade.

The hit was so big that the profit booked in NIFTY trades looks insignificant.

MARUTI moved up more than 7% and moved out of range. We had sold CALL 7200 and 7600. There was safety till 7700 level but the stock went past that level.

It is really a dilemma at this point of time whether to run or stay with the trade.

Let us look at the position yesterday as NIFTY trades were closed like this:

The major part of the loss is coming though the time premium component of these CALLS.

I am waiting with the trades and see where it takes us.

Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.