I sold Dec 55 p back on Nov 11, 1.69 credit. Currently up 1.40 at close today. Rimm reports Thursday. Planning to get out on Monday, or does anybody think it makes sense to hold till expiration?
You probably already got out by now. That's a tough call, if you stay in you can maximize theta burn but building IV will probably offset that gain. If there's only 29 cents left in, I would get out to be safe.
By the way, if you're interested in a great trading blog that focuses mainly on options, check out hotoptionbabe.com.
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You probably already got out by now. That's a tough call, if you stay in you can maximize theta burn but building IV will probably offset that gain. If there's only 29 cents left in, I would get out to be safe.
ReplyDeleteBy the way, if you're interested in a great trading blog that focuses mainly on options, check out hotoptionbabe.com.
I got out on Monday. Figured why take the chance, made nice little return. Thanks for the hotoptionbabe.com suggestion. How's your trading going?
ReplyDelete