Should I panic about my short position on Apple calls?

stevebearman

Guest
7 0
I thought I was playing it safe when I sold 90 Feb. 2012 Apple calls at 470 strike price. Apple announced earnings today, and its stock rose from 420 to 450 in after hours trading. What are the possible approaches?

If I want to speak with an expert and get their advice, who would you recommend? How do I even find people to talk to online?

Thanks in advance!
 

JSChicago

Junior member
23 5
If I want to speak with an expert and get their advice, who would you recommend? How do I even find people to talk to online?

Thanks in advance!
I don't know if this helps, but if I needed options help from people I trusted I would go to two sources:

1. My broker. I don't know who you use, but they may have a number of experienced traders as part of their customer service department.

2. The TastyTrade show (www.tastytrade.com) has a call-in hour that usually starts at 10:00 AM (CST).
 

Patricia12

Active member
247 4
There is Ezekiel Chew, Forex Mentor it may help you. site: asiaforexmentor.com ( I am not associated with it, referred just for your help ).
 

Hoggums

Senior member
2,176 878
If you're worried you need to close your positions. Holding on in hope could prove very expensive.

If you are reluctant to take the loss then you should have never entered the position. You can't win all the time.
 

wackypete2

Legendary member
10,229 2,052
I thought I was playing it safe when I sold 90 Feb. 2012 Apple calls at 470 strike price. Apple announced earnings today, and its stock rose from 420 to 450 in after hours trading. What are the possible approaches?

If I want to speak with an expert and get their advice, who would you recommend? How do I even find people to talk to online?

Thanks in advance!
Close your positions. If your options are uncovered you are playing with fire and the fact that you may be panicking surely isn't good for your health. That's no way to trade or invest.

Just my opinion,

Peter
 

stevebearman

Guest
7 0
I don't know if this helps, but if I needed options help from people I trusted I would go to two sources:

1. My broker. I don't know who you use, but they may have a number of experienced traders as part of their customer service department.

2. :)
Thank you very much. Good suggestions
 

stevebearman

Guest
7 0
Close your positions. If your options are uncovered you are playing with fire and the fact that you may be panicking surely isn't good for your health. That's no way to trade or invest.

Just my opinion,

Peter
Sounds right. Thanks.
 

wackypete2

Legendary member
10,229 2,052
Yeah, if he didn't cover them I'd say his trading account is RIP
Just like that deadbroke guy.

Peter
 
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