When you are long and nothing is wrong

Discussion in 'Options' started by TrustyJules, Nov 24, 2017.

  1. Thank you - this is exactly the sort of comment I was looking for. Like I posted on Friday I bailed from the 30$ calls and moved to 60$ . The result is less good than yours as the position lost 2K but would have lost 3.2K if I had stuck in it.
     
    #21     Nov 28, 2017
  2. spindr0

    spindr0

    My suggestion only looks good because SQ dropped $9. Had it risen $9, your $30 call or the subsequent $60 call would have performed much better and you'd be $@^&*#(%!!-ing at me for having suggested the collar :->)

    I'm risk averse so I always lean toward booking gains and lowering risk. It bothers me much less if it goes up without me than going down with me. Book profits and defend paper losses rather than the converse.
     
    #22     Nov 28, 2017