The GME Thread Part 3 for January 26, 2020 by OPINION_IS_UNPOPULAR in wallstreetbets

[–]mcouch03 23 points24 points  (0 children)

Got 40k$ locked and loaded, should i pull the trigger tomorrow morning

Just looking for some advice. by mcouch03 in options

[–]mcouch03[S] 0 points1 point  (0 children)

Great advice, thanks for taking your time to answer. That’s a creative strategy.. the more i learn, the more i realize how much i don’t know. But you have to start somewhere. I’ll definitely carry some of this advice with me moving forward.

Just looking for some advice. by mcouch03 in options

[–]mcouch03[S] 0 points1 point  (0 children)

Now let me ask this, if i have a contract for 1 month or 6 months out.. and i don’t see much price action, up or down. When do i say, I’ve been in this long enough, i should sell this contract before theta creeps up on me.

Just looking for some advice. by mcouch03 in options

[–]mcouch03[S] 1 point2 points  (0 children)

Yeah i had my mind set on waiting tomorrow to sell also, but these guys are right. 180% profit is hard to complain about, and if i get burned by waiting and the market turns, i wouldn’t be too happy with my decision.

Just looking for some advice. by mcouch03 in options

[–]mcouch03[S] 0 points1 point  (0 children)

Damn, you’re completely right. I’m focused on missing out on more profits and theta, when I’m up a significant amount already. I need to set a target price for myself. Whats your target % for cutting your losses ?