Thanks, Red. As you guessed my position is stock, so i'm not hit with the option decay. I can sit tight as long as there is no conviction to the upside action.
As I said in the post MS, I think we are going to about 1080 by Tuesday (or Wednesday at the latest). But, I think a morning dip on Monday is in order, so you might want to look for an exit point then?
You could re-enter a couple days later at a better price. Of course if it's stock etf of the under lying qqqq, then time isn't your enemy.
But, if it's an option, then you will get hurt on the reduced price because of lower volatility and time decay. Hopefully… for your sake, that's not a factor.
I'm glad you like the pic's of Obama… I mean a monkey. Monday's post picture should have Obama in it instead of the little boy. LOL!
Red
Love that pic you have up there. LOL It would be truly funny if it isn't so tragic.
Yeah… I think the bears have been getting crapped on since March of this years. We should be used too it by now. LOL!
Nice post Red. I like the picture… very funny (LOL).
Thanks and GL
Love Mr Topstep 🙂
I'm glad you like the pic's of Obama… I mean a monkey. Monday's post picture should have Obama in it instead of the little boy. LOL!
Red
Love that pic you have up there. LOL It would be truly funny if it isn't so tragic.
Love Mr Topstep 🙂
Thanks, Red. As you guessed my position is stock, so i'm not hit with the option decay. I can sit tight as long as there is no conviction to the upside action.
As I said in the post MS, I think we are going to about 1080 by Tuesday (or Wednesday at the latest). But, I think a morning dip on Monday is in order, so you might want to look for an exit point then?
You could re-enter a couple days later at a better price. Of course if it's stock etf of the under lying qqqq, then time isn't your enemy.
But, if it's an option, then you will get hurt on the reduced price because of lower volatility and time decay. Hopefully… for your sake, that's not a factor.
Good Luck,
Red