If we close our eyes and ignore what is happening around us, nothing is going to change. Whatever has to happen will happen. Not looking at the losses will not make them go away.

The losses did not go away as I did not post over last 3 days.

Let us see what was the status of these option buying trades yesterday.

Position on January 19:

ScripPUT/CALLLot SizeStrike PriceEntry DatePrice at EntryPrice on 19/01/2023Profit/Loss

We had last reviewed the position on January 16, when the MTM loss was Rs. 26584.

Over next 3 days, the loss has gone up by Rs. 8000.

We wait with the trades for yet another day before deciding about booking the loss.

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.