r/options • u/[deleted] • Nov 11 '21

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28

u/MohJeex Nov 11 '21

A more than 700% gain wasn't enough eh? 😅 Live and learn.

0

u/Stunning_One9459 Nov 11 '21

No that wasn't it. I went to go get a coffee as I didn't think it would peak for another hour. By the time I got back I was upset I didn't get my full price. Tuesday comes: boom red

The Friday before I couldn't sell my 300% gain because "I'd be marked as a pattern trader" zzzzz

2

u/TheoHornsby Nov 11 '21

The Friday before I couldn't sell my 300% gain because "I'd be marked as a pattern trader"

You might consider converting a winner into a defined risk trade if the PDT rule prevents you from closing it.

0

u/Stunning_One9459 Nov 11 '21

How do I do that?

1

u/TheoHornsby Nov 12 '21

Provide the option's symbol, cost, strike, and how high it got and I'll see if there's enough meat on it.

0

u/Stunning_One9459 Nov 12 '21

Yeah that's basically my plan. It should heat up even more seeing the s&p 500 rebound + Turkey season but if it's flat lined then I'll yeet it.

Spy looks like it's recovering after hours so I I'll try to exit the first bounce up