In The Money Options with No Buyers?

Alchemist

Administrator
Staff member
#1
I have a put of Ceat Ltd which is now deep in the money.

There are no buyers for it unless I sell it at a steep discount to the intrinsic value.

The problem is that Ceat is now in F&O ban and thus I can't even buy futures to lock my profit.

Kotak may allow me to buy 700 shares with my margin, but buying today and selling tomorrow (700 shares) will mean an expense of 1.6% of the lot size.

Is there anything that can be done in this case?
 
#2
I hope you could have enlightened us with how you managed this classic situation where retail investors are denied their luckier day due to rules favouring bigger players.
 

Alchemist

Administrator
Staff member
#3
I hope you could have enlightened us with how you managed this classic situation where retail investors are denied their luckier day due to rules favouring bigger players.
I did nothing, just held on.

The option expiry was the next day and the stock went down 3% more on expiry day. Turned out to be a blessing in disguise. :D.
 
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