Beginner help: Call Options

Discussion in 'Options' started by Flagada, Jun 26, 2020.

  1. Flagada

    Flagada

    I did notice what you were pointing out, I’m on the lookout for that shift or any shift next week, we shall see.

    my point was when you only have $3k left on a $30k position, I could wait and see if things would pivot or turn around even slightly. I do understand that I could have / should have acted differently when I was down $2-5k.

    thanks for the insight - I need to pay more attention to Imp volatility.
     
    #31     Jun 27, 2020
  2. Flagada

    Flagada

    Thanks for the thorough reply! The cost basis was something close to 0.487 (I averaged down when I thought I was getting a great deal)

    i thought about shorting the stock but it is now in the low $1 range and my stroke is at $4.

    I can only be comforted by the fact that I made my gains on the stock - this was a very irresponsible investment on my part!

    but I’ve learned a lot...!

    Thank you all for the great advice, perspective and insight!
     
    #32     Jun 27, 2020


  3. That's correct ..... and my posts supports your decision to stay in the trade.
     
    #33     Jun 27, 2020