Good Afternoon, I bought Geo March 17, 10 strike calls two weeks ago, and am wondering whether I should roll it forward or not. I understand nobody can predict the future, but do you think the price of GEO *is most likely* go up in the next few months? So should I 1) roll the options forward or 2) just sell it Thank you!
Before trying to predict the future it helps to familiarize oneself with the features of a hand calculator ;-)
Hey, if you're not confident about the outcome of this trade, then liquidate the position, take the loss and open a new one where your confidence level is much higher, because at the moment you might loose not only the initial investment, but your sleep as well. Next time when you have doubts about the outcome, just limit the risk by adjusting the size of position, properly. Simply put, make sure that the size of position is such, where even if the worst case scenario happens, the loss would be - insignificant to your portfolio. Neglecting risk management is nothing more but amateurish Caesars LV behavior.
%% MAY bounce @200dma, but that's $8.70 area; GEO=down YTD. You like working for nothing YTD, i dont ?? barchart.com has a 8% buy, which is a 92% sell. Plus there is stuff that is even below 200dma, but made a profit in price , YTD So we dont try to predict stocks-ETFs but a good forecast can help. Note they call it weather forecast; not weather prediction.