Can you move options on a daily play? must you hold for a certain time period?
Example: SDS closes at $29.00. you buy a contract as a call for January @ $32.00. The next morning we get poor economy news and the S&P starts to tank driving SDS up to $35.00 can I close that call @ $32.00 that day?
The problem I have now is that I tie up $400k on this play every day. I trade it at least once sometimes more. so it really kills my cash flow for other opportunities.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.