Boeing Company (BA)

[Porgie Tirebiter]

Wow, well done. But you shouldn't be maintaining that position as the delta is far too high. As an example, you realize you lost $500 in the last twenty minutes of today's session?

If it was me (although I rarely buy options in stocks I don't own - better to sell them) I would roll that out to a minimum of 90 days and no more than .5 delta.

When you own an option, delta is your best (really your only) friend. Should the price move in your direction delta will rise and you'll make money faster. Should the share price move against you, delta will fall and you'll lose money slower. But excessively high delta can work against you as you can lose money extraordinarily quickly should the coin flip not go your way.

Good luck!