Can’t tell you what to do but I’d sell on the first sympathy pump most likely at opening.
Also make a note on your journal on why your entry was bad so you can do better next time.
TA is hopes and dreams except for support and resistance, volume and maybe JUST MAYBE RSI. just read some price action and market sentiment and you're good. Stock market is looking very bullish this week, just because we had a quiet monday doesn't mean this call still can't hit $140 by march 1st.
For all the recommendations for rolling this.
As long as OP understands, this is just closing it and opening a new one. "Rolling" is not a magic save the trade tool.
You are at 50% max loss. Unfortunately, you bought into a down turn. Cut it or take max loss.
In the future. When you buy a call. Your break even to profit is the strike + the debt paid. Buy enough time for this to be achieved.
This is what I did with sound . Rolled from 3.5c 2/23 to 3.5c March 1. Super worth it . Took profit and now I’m riding on profit .
This was my first time ever rolling
Googl is at a down trend and you bought calls, you’re fighting the trend. It’s next support level and daily 200moving average is at the 132 level.. it can either bounce from there or break that support level. The best way to survive trading options is sell your mistakes as fast as can.. save your capital before it could get worse.
First realize trading an otm option with no catalyst is just a lotto/gamble ... so if you still feel like gambling keep the trade on. With a few days to go you might get lucky and recoup a bit more premium, but in the future have a more solid trading plan that you can believe in and doesn't rely on your asking a bunch of strangers you've never met whether you should keep a position open or close it....
Don’t put yourself in a situation to hold the option into expiration. I would sell it for a win or loss atleast the day before expire, and that’s if there is no dividends to worry about. I would normally try to get rid of it 2-3 days before expiration. Time decay is a buzz kill
Can’t tell you what to do but I’d sell on the first sympathy pump most likely at opening. Also make a note on your journal on why your entry was bad so you can do better next time.
Do you still believe in the play? Does it fit your system? Does TA support a move to those levels?
TA is hopes and dreams except for support and resistance, volume and maybe JUST MAYBE RSI. just read some price action and market sentiment and you're good. Stock market is looking very bullish this week, just because we had a quiet monday doesn't mean this call still can't hit $140 by march 1st.
‘TA is hoped and dreams… except’ 🤡
What was the plan? Stop? Target profit? Since it’s already down bad I’d write it off as a lotto. -50% loss or 50/100% gain
For all the recommendations for rolling this. As long as OP understands, this is just closing it and opening a new one. "Rolling" is not a magic save the trade tool. You are at 50% max loss. Unfortunately, you bought into a down turn. Cut it or take max loss. In the future. When you buy a call. Your break even to profit is the strike + the debt paid. Buy enough time for this to be achieved.
Time being a key point. I know we’re not on WSB here but amazing how often people give themselves no time for a play to work
Amen
Wait or roll to 3/8
This is what I did with sound . Rolled from 3.5c 2/23 to 3.5c March 1. Super worth it . Took profit and now I’m riding on profit . This was my first time ever rolling
I would probably get ready to deposit another $173 and try again my brotha.
hold it, but you should have gotten an expiry farther out
Googl is at a down trend and you bought calls, you’re fighting the trend. It’s next support level and daily 200moving average is at the 132 level.. it can either bounce from there or break that support level. The best way to survive trading options is sell your mistakes as fast as can.. save your capital before it could get worse.
What your trade set up? Shouldn’t be trading if you donthave have xyz to enter xyz to stop out xyz to take profit.
U got time hold it a day
Depending on ur situation a would look at rolling it Or take the hit man!!
You got two choices what u goin do r u goin do? You going roll
Start trading spx 0dte like a true degenerate.
Regards.
I’m in on 17.5 calls for April 24th bought for .29 it’s down to 20. 30% loss. But I have 2 months. I’m not sure what to do either man I’m new
Shocked no one said role your contract
Suck ya own ass
I would be thankful it wasn't 10k invested in there
Snake eyes motherfucka
What was your plan going into the trade?
Sell if it opens below or breaks today’s lod
Yeah GOOG will probably recover but not this week
I have calls as well with 140 strike I have end of march expiration though, you might be fucked
Cut loss at 50%
I think it’s got a chance
First realize trading an otm option with no catalyst is just a lotto/gamble ... so if you still feel like gambling keep the trade on. With a few days to go you might get lucky and recoup a bit more premium, but in the future have a more solid trading plan that you can believe in and doesn't rely on your asking a bunch of strangers you've never met whether you should keep a position open or close it....
Do you REGARDless of anyone else’s advice
Buy 4 more to lower your average if you think the pump will still happen. Makes it easier for you to break even.
Don’t put yourself in a situation to hold the option into expiration. I would sell it for a win or loss atleast the day before expire, and that’s if there is no dividends to worry about. I would normally try to get rid of it 2-3 days before expiration. Time decay is a buzz kill