InvestorsHub Logo
Followers 6
Posts 417
Boards Moderated 0
Alias Born 07/13/2008

Re: Beerworld post# 161839

Thursday, 03/14/2013 4:37:59 PM

Thursday, March 14, 2013 4:37:59 PM

Post# of 364828
That's one reason I sold today, rather than holding. That's not to say I don't think it can still go up, but it closed yesterday at $155.90, and next week's $156 calls were at $0.62. Today, it ran all the way to $156.80, and the highest trade on the strike was $0.90. All of the time value, yesterday, and not a whole lot of movement today, given the pop on SPY, and just 10 cents of time value remaining.

I figured it was safer to take a gain now, than wait for more and lose a ton of value if it drops closer to $156.
Join InvestorsHub

Join the InvestorsHub Community

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.