question on taking profit on

Discussion in 'Options' started by mikeenday, May 2, 2011.

  1. mikeenday

    mikeenday Guest

    different strikes.

    if two call positions are all in green, and I want to take partial profit. should I sell the ITM call or still OTM call?
     
  2. jokepie

    jokepie

    Leave the one with Low Delta alone.
     
  3. Sell the ITM call.

    If you've got a big enough gain on it and you're still bullish on the UL, double up on the OTM call.