Bought 1000 TATASTEEL around 243 (delivery) and wrote 1000 SEP 240 call around 11.
Will hold this till expiry.
If TATASTEEL closes above 243 this expiry:
1.I have to deliver the stocks I own (no profit no loss as purchase price and strike price is same)
2.I get to retain the premium (approx 4.5 %).
If TATASTEEL closes below 243 this expiry:
1.I continue holding the stock (loss possible)
2.I get to retain the premium (approx 4.5%).
Will hold this till expiry.
1.I have to deliver the stocks I own (no profit no loss as purchase price and strike price is same)
2.I get to retain the premium (approx 4.5 %).
If TATASTEEL closes below 243 this expiry:
1.I continue holding the stock (loss possible)
2.I get to retain the premium (approx 4.5%).
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