Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Conservative option strategies, what did you buy or sell today?
(04-15-2020, 08:37 PM)john Wrote: On 4/9 I sold a CALL on IRM for 7/17 expiration 35 strike for .58 The price of IRM has dropped since then and I could buy my CALL back for .20 leaving ~ $37 profit.
How do you decide when to buy an option back vrs letting it ride?

When to take profits is definitely a black art. I would say that 64% of your max profit in a week would have me taking it off and placing another trade elsewhere.
Reply


Messages In This Thread
T puts ? - by john - 03-17-2020, 09:33 AM
RE: T puts ? - by fenders53 - 03-17-2020, 10:32 AM
RE: WEN options update - by john - 03-23-2020, 09:53 AM
RE: WEN options update - by fenders53 - 03-23-2020, 10:40 AM
RE: Conservative option strategies, what did you buy or sell today? - by NilesMike - 04-15-2020, 09:50 PM



Users browsing this thread: 10 Guest(s)