I know this is sub is all about DOGECOIN (took my crypto profits earlier this year). But I remember I found great advice here and wanted to see if anyone has advice on whether to hold or sell a very negative stock option. Does anyone see this becoming profitable?
https://i.redd.it/0us95hvsohwf1.jpeg
Posted by Apart-Obligation-599
3 Comments
What are the Greeks on this spread? What percentage of your account is this(should never be more than 10%, better still is 5%) If its a higher delta it will more closely follow price action(up and down) and markets trend up, so I would probably close it out and take my losses unless there is some sort of catalyst in the next few weeks, then I would run to close it out. Don’t play with options unless you know what youre doing very well
The Greeks: (Delta -0.0132) (Gamma 0.0004) (Theta -0.0251) (Vega 0.0258) (Rho -0.0048)
Don’t do it.
That is all.