After yesterday’s debit put spread, TataMotors opened way down at 375 which was our target. The problem now: should we exit or hold on?
The long 380 put trades at Rs. 8. The short 370 put is at Rs. 3.1. The spread is Rs. 4.9 (8 minus 3.1). We bought yesterday at at Rs. 3.1 (spread), which is a Rs. 1.8 profit per share. With a lot size of 1,000 the profit, at market prices, we are seeing a profit of Rs . . .