BOIL. October PUTS down 40%. I resisted the urge to panic
sell because I have a month to expiration. Would appreciate general
advice for this kind of situation where we are almost down to a
support level in a strong market for oil and gas generally. Sell,
double down, or watch and wait for better entry. I’m already in
pretty heavy but have plenty of dry powder. Thanks for your
thoughts!
Posted by Breakdown on 15th of Sep 2022 at 11:08 am
I don't trade boil, but if you think your thesis is correct, how
about rolling over to a longer dated month? I wouldn't
necessarily add to losing position.
BOIL. October PUTS down 40%.
Posted by mdgfain on 15th of Sep 2022 at 10:54 am
BOIL. October PUTS down 40%. I resisted the urge to panic sell because I have a month to expiration. Would appreciate general advice for this kind of situation where we are almost down to a support level in a strong market for oil and gas generally. Sell, double down, or watch and wait for better entry. I’m already in pretty heavy but have plenty of dry powder. Thanks for your thoughts!
I don't trade boil, but
Posted by Breakdown on 15th of Sep 2022 at 11:08 am
I don't trade boil, but if you think your thesis is correct, how about rolling over to a longer dated month? I wouldn't necessarily add to losing position.
my target is $40.
Posted by morton7 on 15th of Sep 2022 at 11:02 am
my target is $40.