Doubled - Call Option on Satyam - Santosh Gundecha

Please refer my trade in Satyam Computer of July 8.

The trade was as follows:
Buy 480 CA July around Rs 10 with stoploss of Rs 5. Target Satyam cash rate 495 > 510.

This option is already doubled in 2 days (actually yesterday itself). It traded today at high of Rs 23.90 and closed around Rs 20. So what to do next? Wait for our targets of 495 and 510?

Now you can raise stoploss to Rs 10 . Tomorrow is Infosys's results. If it beats expectations (which are now higher due to a weak INR against USD), our option could triple in value (i.e. Rs 30). One can book at Rs 30. If holding multiple lots, book half here.

Cheers.