LogFAQs > #949132285

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TopicStock Topic 13
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01/05/21 1:25:21 PM
#310:


I think the takeaway here is to ALWAYS secure the zero cost call when possible

Like I could have made that stack of $25 calls cost nothing by selling 1/4 of them after that big day BP had last month but I was like "only good news coming let's just keep going" and then it went back down. If it had I'd be fearlessly sitting on a stack of 60 calls right now because I would have zero risk.

But hey I think it'll get to $30 by March so I'll still make a few thousand if that happens. Far cry from the 10s of thousands I could have made but what can you do. (of course it's possible it'll dip huge tomorrow and hold under $25 through 1/15 and this lamenting will be for nothing)

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