Options Unlimited

[Will_D]

Sasi,

Just started following you and have a quick question. What is typically your exit strategy?

I played a couple of options this week. Two of them (FB & SLV) reached the strike points but they both went south right after hitting the strike after lack of support.

Do you typically put a stop order once they reached the strike point? I did on both and glad that did it because I would be down a few $Ks on them since they went down right after hitting the strike amount.

Just want to pick your brain on how you exit or close options. Being playing options for a few months now since I think this is the way to play in the market.

Regards,
Wilbert Diaz