Set a profit-protection stop to lock in half of the gain.
Rav_3d on
Sell before earnings on May 20 or IV will crush.
Maveric_87 on
Sell and book profits.. I had $210s for 5/15 that I had bought when it dipped below $200. Got in at $1.7 or so, and got out around $11. All withing 6-7 days. Earnings is already priced in and it has not moved historically with earnings if that’s what you are waiting for.
Piyushhdangii on
If you’re up 40% that fast, taking at least partial profits isn’t crazy at all.
4 Comments
Set a profit-protection stop to lock in half of the gain.
Sell before earnings on May 20 or IV will crush.
Sell and book profits.. I had $210s for 5/15 that I had bought when it dipped below $200. Got in at $1.7 or so, and got out around $11. All withing 6-7 days. Earnings is already priced in and it has not moved historically with earnings if that’s what you are waiting for.
If you’re up 40% that fast, taking at least partial profits isn’t crazy at all.