Ok...let's review our AAPL trade:
600 Dec calls
Alerted last night to buy 1 contract
Low today was 3.75....say you got in at 4.00 because of hesitation....
You just made 100% on your 1 contract
$400 into $860....hit a hod of $8.95 = $895
If you sold at 100% you are now up +$400
If you are holding....what do you do?
I'd suggest setting a stop at $7.60
$1.00 less then close price.
Worst case you will still make $360 if your stop is triggered
Best case.....option keeps climbing and you keep moving up your stop......
This is not a weekly so I am holding mine......stop in place......
sdh
No comments:
Post a Comment