How to end the Credit Put Spread saga

Discussion in 'Options' started by coldplay_option, Apr 11, 2019.

  1. drmark27

    drmark27

    What was your trading plan when you entered?

    If you didn't have one or did not have a contingency for the current situation then I would close it, take the loss, and try to be more complete next time.
     
    #11     Apr 19, 2019
  2. Just as an update. I did close this trade before earnings and digested the loss a bit better. As a rule, I should aim to close or adjust such trades when the short is compromised (take the lower loss and move on)... rather than assuming probability will help correct it later. I know I might close some good trades early but long terms could be a safer bet hopefully
     
    #12     Apr 23, 2019
    Epicurus likes this.