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Thursday, 06/25/2020 12:55:27 AM

Thursday, June 25, 2020 12:55:27 AM

Post# of 52546
Hey guys, Been with IH for years and positive trading for over 12 years but am fairly new to options with about 2 years knowledge of options. So I made over $50k last week with 2 buy calls that were way OTM on monday and paid like $250 each for them. By friday I forgot to sell them and Etrade exercised them and some how the next day on Sat i had a $50k gain. Well on to this week. I have a few more calls from oxy and a few other symbols i bought to expire on 06/26/2020. Was up $25k by tuesday and sould have sold to close them all but have to admit I had traders block. Now most are losing. Now I've lost everything before and learned from the lessons and how to repair and make gains with stocks alone but options is another learning curve and I know i could lose everything but am will to learn from it so I needs anyone's hep on advice of repairing losing Bought call options with 2 days or less to expiration. Ill use one of my TMUS positions as example, Bought 25 calls @ $2.44avg cost with exp date 06/26/2020, current UL values is $108.75. TV is $1.71 and last trade was $2.00 and last bid $1.00 ask $2.42. So wis losing options with little time left does anyone have and advice or ideas to help minimize further loss or some how save options in this position and turn them around into gains other then just selling to close? I may sound stupid and made newbie to options mistakes but I want to learn from them so anyone that can please help as I always pay it forward to others I teach would greatly be appreciated. Thanks guys ;)

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