SPY Sep 30 305 Call Update | TRIN Café

SPY Sep 30 305 Call Update

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My experience with options can be boiled down to being almost on target. I may have to consider holding on to positions longer than I was initially "trained" to do. The rule of thumb with options trading I try to adhere closely to is that if the option price I bought is down 50% or more, I cut the loser and move on. What I didn't factor was the time left for the market to make my losing position into a winner; I chose to close the position out of routine mechanical habit.

The Sep 30' 305 option  Call was an experiment in buying cheap call options that are ready for a significant price increase after selloff/correction. The idea is to be able to generate income in both a low and high volatility market while maintaining a portfolio.

The Sep 30' 305 Call is up 84%
"I closed it with a remaining $19 of value left. It was a 17% long shot that this option would be profitable."
The entire post can be read here.









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TRIN Café: SPY Sep 30 305 Call Update
SPY Sep 30 305 Call Update
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