$110 after hours. So now what: 1. Sell tomorrow if it stays above $110 2. Sell a Covered Call for $115 (Weekly or Monthly) 3. Put in a Trailing Stop order and let it run. 4. Go to the stocks board because everyone on this board couldn't care less.
Though buying a pre EA 200 IV long put 2 days before expiration defies sound option logic, congrats on a good trade. I hope it was real pesos not sim paper.
jkgraham, If you are trying to learn about option greeks, you should look at something closer to 1 month options. Weekly options around earnings will not behave along black-schole lines. The reason for this is that hours will matter as well as the earnings event. It makes modeling them very tough.
Yes, congrats. 4. It's more a matter that trading is full of tough decisions. No one else should make the decision for you. That's how you learn how to trade. 1.&3. Pretty good choices. (assuming that the stop works) 2. Risky. What's your outlook?
I sold the Weekly $110 Covered Call. My outlook is that it will go sideways for at least a week. There seems to be resistance at $110. I'll take the weekend to think about it. I need to put in a trailing stop somewhere.