badrimallik's  Instablog

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part-time investor, eager to learn and invest.
  • Need Advise On Option Trading 1 comment
    Jun 8, 2014 11:34 PM | about stocks: MU, AAL, F

    Given that seeking alpha as been a wonderful site to learn the skills of trading, I am writing this post to ask a question to this forum. Insights provided will be much appreciated.

    I currently hold JAN 2014 call options of MU, AAL and F and all of these have either reached their SP or very close. I have made +ve returns on all of these picks and feel strongly that they will continue to trade higher than the SP till expiry. I wanted to u/stand what should be the position that I should take given the current situation.

    1. Should I continue to hold these position till expiry and sell them in the open market or

    2. Should I sell them before expiry and book the profits.

    I obviously don't have the funds to take positions so is there an option to trade them immediately in the market and just book the profits. Please advise..



    Disclosure: I am long MU, AAL, F.

    Stocks: MU, AAL, F
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    You can sell them any time you want if you find a buyer at the price you want to sell for. Most ppl sell them before the end of the contract and just take the profit to an other move. It is really up to you. Just remember that if the stock stays at the same level you will loose money on them as the time passes.
    8 Jun 2014, 11:53 PM Reply Like
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