ENTRY IS EVERYTHING in options!
Said it before, and I'll be saying it again!
Remember my buy on LOW calls from over a week ago? I have sold many but still have some. I would have had to dump them for a decent size loss had my entry into this play not been good. It has been over a week now so I have lost a good amount of time premium. The stock price is currently less than when I bought the calls. I should be sweating bullets on the rest of these calls, but am not because of my entry price!
I got them at .07, and the ask is currently at .06
So with all the time premium that it has lost and the pps less than it was, I am still ok with my remaining calls.....thanks to my entry!
But I still want to sell the rest of 'em, like NOW haha!