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Bipolar Wolf

05/05/2020 20:31

$Activision I have 95 strike call Exporing in june. Should i cut my losses. I dont know if this will go to 95 by end of this month.
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All Comments(3)

Aar***com05/05/2020 21:20
Why so far out of the money?

Bipolar Wolf05/05/2020 21:37

πŸ€¦πŸ»β€β™‚οΈ I didnt notice i wanted to get 5 contracts Thought of getting 85 but it was very exp and in a hurry at end of the day ended Up with 95. I knowni shoulda got 2-3 itm contracts

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Rhey05/05/2020 21:18
it will rise over the next few day at least unless the entire market decides to come down so you'll make money from here. you don't have to reach the strike price to make a profit on your calls. break even price is only for if you exercise the option. so from here, you'd want to hold on, let it rise a bit and find an exit you like above wherever you are sitting now. you could also put in stop limit orders on the way up if you don't want to commit to bailing out entirely. the stock isn't going to rise to 95 however (most likely not), so you do need to find a reasonable exit before time depreciation starts to set in. if your option expires beginning of June, you probably want out end of this week or early next. if your option expires mid/late June, you have another week or so to see what the stock does and decide from there.

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Dymorphic 05/05/2020 20:36
You should still be up if the stock goes up

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