I have bought July expiry IOC 150-CE for ₹2.54. Kindly assist whether I should hold or book loss? – K S DhamiIOC (₹138.26): Since April, the stock has not been trending. It has been charting a broad sideways trend between ₹130 and ₹148.Towards the end of June, the stock started to fall off the barrier at ₹148. It is now hovering near the middle of the range and so, technically, the direction of the next price swing is uncertain.However, there is a rising trendline support at ₹137, which the stock respects now. There is a chance for a rebound. A rally past ₹140 will strengthen this case and the price can retest ₹148 before the end of the expiry.If the stock rallies to ₹148 over the next two weeks, the premium of 150-CE can appreciate to ₹1.50. Therefore, the likelihood of the trade turning profitable is less likely unless the rally is sharp. So, while we suggest holding the trade until expiry, you can exit if the option premium hits ₹1.50 and minimise the loss. Thereafter, consider buying call option on IOC only if the stock decisively breaks out of ₹148.Send your queries to derivatives@thehindu.co.inPublished on July 10, 2026