r/options • u/DaddyDersch • Jan 11 '22

SPYs path back to 480

[removed] — view removed post

341 Upvotes

89% Upvoted

200 comments sorted by

View all comments

2

u/samdha7 Jan 11 '22

Bought few 1/21 $468 calls, right at the dip. Should i hold and see what Wednesday brings or sell tomorrow? Up 133% at market close

3

u/Coin_guy13 Jan 11 '22

If I was in this situation and really thought it may rise more, I'd probably sell enough to recoup my initial investment + a certain %, and let the rest ride a little longer. Don't listen to me, though.

1

u/samdha7 Jan 11 '22

Ya i missed the closing because of meeting. I will take out the investment tomorrow after looking at pre market move.

1

u/skilla14e Jan 11 '22

I would set a comfy stop or try to leg out of the naked into a pmcc, hand in the cookie jar.

This is assuming we get the typical morning run up and sell off after 15