Hello Mudraa friends,
I need some guidance .
I have a short position in ZEEL 280 CE and my strike price is already went ITM. Now if I wait for expiry, the chances of having huge losses are high, considering the strong uptrend in ZEEL.
Will it be a good decision to roll over this position to next month expiry?
(As I will get more time and probably the price of option will come down and I can close the trade at least with minimum loss or cost to cost)
Do I need more money to roll over this position?
I will be really grateful for a genuine advise from veterans of the trade .