On December 30th, I bought 55 call options (14C) expiring on January 30th. They have already yielded a 650% profit. Should I lock in the profits or continue holding them?
ONDS has already generated a 650% profit; it's time to lock in those profits.
byu/One_Rub7972 inoptions
Posted by One_Rub7972
6 Comments
Sell for the love of God
You should’ve locked in those profits long ago. At least recoup your original investment
I’d at least take out my original investment + some gains. That way you’ve locked in profit from the overall trade. If there’s lots of time left and you remain bullish then roll up strikes otherwise I’d sell and reallocate the capital.
Pigs get fat, hogs get slaughtered.
Sell
At a minimum, put in stop-limit orders that preserve a decent portion of your profit.
If you believe it will continue to increase, roll some of your positions up/forward by a month, with a strike that lets you roll for a credit.
At the start of the new year, I actually missed out on the stock with the biggest gains! Damn it, can you share your next pick? By the way, congratulations!