aznt1217
Active Member
Bought calls last week for $1.85 sold half this week for $5.30.
jeebus I need to learn options trading lol
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Bought calls last week for $1.85 sold half this week for $5.30.
jeebus I need to learn options trading lol
... but an option can also go from $1.85 to worthless in the same amount of time. A stock may not give you the same return as an option when it goes up, but when it goes down you still have a stock (that can recover). An option will eventually expire, after a few days or after a few months/years.
My position goes long on May 8th, right after the earnings call (expected by the Street to be on May 6th). Now, if the trend around the Q4 call was any evidence, the stock will stay high right up until the earnings call and will surely correct for a bit after (or do folks see these levels being maintained)?!
To sell (and take the short-term capital gains tax hit) or not to sell now (and potentially lose gains despite the long-term tax angle)...
My position goes long on May 8th, right after the earnings call (expected by the Street to be on May 6th). Now, if the trend around the Q4 call was any evidence, the stock will stay high right up until the earnings call and will surely correct for a bit after (or do folks see these levels being maintained)?!
To sell (and take the short-term capital gains tax hit) or not to sell now (and potentially lose gains despite the long-term tax angle)...
My position goes long on May 8th...
Bought calls last week for $1.85 sold half this week for $5.30.
My position goes long on May 8th, right after the earnings call (expected by the Street to be on May 6th). Now, if the trend around the Q4 call was any evidence, the stock will stay high right up until the earnings call and will surely correct for a bit after (or do folks see these levels being maintained)?!
It may seem clever to time swings in a volatile stock. A very few lucky players will be successful. I suspect that most will be forced to chase the stock after it moves to significantly higher prices.
It may seem clever to time swings in a volatile stock. A very few lucky players will be successful. I suspect that most will be forced to chase the stock after it moves to significantly higher prices.
...
Trading with one's IRA fund makes the tax issues disappear....