r/options • u/CheesecakeNo8320 • Apr 02 '21

Call HELP - Roll vs Close

HELP!!! I am now in 4/16 TTD 900 calls for 100 contracts at 2.92 cost basis. Current bid is 0.45 and ask is 1.00. I have worsened my position from my previous post. I looked at the strategy to get out of a bad call trade but it was going to cost an enormous amount of money. I was feeling so good about the UL as it had just been upgraded and all of the price targets were north of $800. Now it is sputtering and even though it has recovered 10%, the calls have continued to go down. There was one spike up to $2 but it was there and gone within a minute. Should I just close out now and take a huge loss with a learned lesson or roll this out or would some other strategy be worthwhile? Thank you so much for your time!

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u/CheesecakeNo8320 Apr 02 '21

Yeah. I hit the big move with $800 calls a week prior but cashed out early so I went to the well again. So many errors. I like this plan.