Re: [TheOptionClub.com] What would you do?

 

I do not have exit plan for profit. If AAPL keeps going up then I will sell my call 30 days before expiration and take whatever profit I get. End of May will buy back 270 call (if I can keep until then) and then will sell June call again depending on where AAPL is at May expiration.

Thanks,

Vimal

--- In OptionClub@yahoogroups.com, Jeremy Gish <gishfarm@...> wrote:
>
> I'm still a beginner so disregard (or correct) any bad advice I may spew... but it looks like you had a loss goal to exit and a time goal to exit, but I don't see a profit exit plan.  If you have made the profit you planned when you initially entered the trade wouldn't you just exit the trade?
>
> "My thought process was like this. AAPL was about $255 and I was bullish on it. So I wanted to buy July $260 call and keep it until 30 days to expiration. I wanted to sell it if my loss is 50% before that date."
>

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