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Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
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A week or two ago I had bought an AAPL dec 17 160 call @ $1.60 and HD dec 17 410 call @ $3.15. These are up nicely.

I want to let these run as long as possible. From my limited TA abilities, it looks like AAPL has now broken out of an upward channel, reached all-time highs. So, I'm not sure how to project where my exit point might be.

For HD I'm projecting around $430-440 for early December. Looking at analyst predictions this doesn't seem too far fetched?
In my amateur opinion, once a company breaks into an all-time high it is really difficult to predict what it will do with any real certainty. The only advice I will give is be greedy, just dont be too greedy.
 

Fogel

Mr. Poopybutthole
9,470
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345d 6h 30m
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Sold for 4.30
 

ShakyJake

Golden Baronet of the Realm
6,519
17,130
129d 23h 35m
I'm having a difficult time formulating a consistent strategy for when to cash out on a position. As I mentioned in a previous post, I'm trying to gauge when to exit a position based off of technical analysis -- where I think the stock price might move to. But as I discovered over the past couple of days, you can get hammered by the market in general rather than anything specific related to the stock itself.

Currently I have a call option for APPL and HD. The AAPL play is up 225% and the HD is 134%. I'm wondering if I'm being way too greedy holding onto these. These are both Dec 17 calls and I feel they'll go even higher if the market itself enters in the expected Santa Claus run for Dec.

Am I being stupid? What would the experienced traders here do?
 

Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
33,105
86,862
163d 19h 49m
I'm having a difficult time formulating a consistent strategy for when to cash out on a position. As I mentioned in a previous post, I'm trying to gauge when to exit a position based off of technical analysis -- where I think the stock price might move to. But as I discovered over the past couple of days, you can get hammered by the market in general rather than anything specific related to the stock itself.

Currently I have a call option for APPL and HD. The AAPL play is up 225% and the HD is 134%. I'm wondering if I'm being way too greedy holding onto these. These are both Dec 17 calls and I feel they'll go even higher if the market itself enters in the expected Santa Claus run for Dec.

Am I being stupid? What would the experienced traders here do?
I am somewhat risk averse. I would cash out, especially on the AAPL. These aren't tiny meme stocks that are highly volatile. HD has been on a tear for over a month. If you have multiple contracts maybe sell partials of each to cover your initial investment? If one contract each I would put that shit in the bank.
 
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Fogel

Mr. Poopybutthole
9,470
28,517
345d 6h 30m
I'm having a difficult time formulating a consistent strategy for when to cash out on a position. As I mentioned in a previous post, I'm trying to gauge when to exit a position based off of technical analysis -- where I think the stock price might move to. But as I discovered over the past couple of days, you can get hammered by the market in general rather than anything specific related to the stock itself.

Currently I have a call option for APPL and HD. The AAPL play is up 225% and the HD is 134%. I'm wondering if I'm being way too greedy holding onto these. These are both Dec 17 calls and I feel they'll go even higher if the market itself enters in the expected Santa Claus run for Dec.

Am I being stupid? What would the experienced traders here do?

Just put a stop loss on them slightly below where they're at. If they drop a little you still get your 100-200%, otherwise if they continue to run you're golden. Short term calls take your quick 10-30%, longer term calls just keep raising your stop loss as they run.

Edit: You can also roll them up to a higher strike and/or later expiration, you get a net credit and they can continue to attempt to run on essentially house money.
 
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Fogel

Mr. Poopybutthole
9,470
28,517
345d 6h 30m
Good thing I sold those DWAC puts, its back up to 43, but I'll be buying some more if it gets near 45ish
 

Fogel

Mr. Poopybutthole
9,470
28,517
345d 6h 30m
Sold my DKNG calls for 1.89, bought for 1.61. Lost it on some CHPT calls, still red on my IWM calls.
 

Wingz

Being Poor Sucks.
10,481
32,676
92d 17h 9m
Bought some Dec 31 calls for Walgreens
WBA for 15 at 51 strike during the low today. Figure it'll go back up a bit by mid Dec and sell out.
 

Sanrith Descartes

Veteran of a Thousand Thread-Ban Wars
<Gold Donor>
33,105
86,862
163d 19h 49m
Bought some Dec 31 calls for Walgreens
WBA for 15 at 51 strike during the low today. Figure it'll go back up a bit by mid Dec and sell out.
I did a deep dive into WBA and CVS a while back and went CVS. I found it to be a stronger company. I'm not saying WBA is bad, I just preferred CVS. Might be worth looking at.
 
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