Comment on Query of the Day

Hi,

I have some doubts regarding naked option writing. If I sell NiftyOCT5950CE @ 200 margin is 27000 my query is
1.Once I write and if it goes against me should I maintain any margin and also is there any chance of auto square off before expiry (if so plz mention level).
2.Should I have money in my account to square off my position.
3.In above case I will be anyhow in profit if nifty on expiry is below 6150, am I correct ?

Thank You 🙂

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