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Forum - Gurus Answer Questions    Gurus answer your questions about the art of trading.

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From: msgreenacres (Rep: 486) reply to mellieDate: 01/07/2018 13:18
Forum: Gurus Answer Questions - Msg #618Thread #673963641 (Rec: 0)
If your option is about to expire, but you'd like to keep it open, you may choose to roll out, up, or down, whether you're either a holder or a writer. Rolling over generally entails closing out your first position and opening a new one with the same characteristics except for the expiration date or strike price.

When you roll out, you select the same option with a later expiration date. If you own an option, you might make this choice if you believe the underlying will move in-the-money at a later date.

When you roll up, you open a new position with a higher strike price. You might do this if you think the underlying stock price will continue to rise. G/L



Re: I just started trading options. I bought a coke call option that expires in 3...



These are my opinions.  Please do your own DD  :) Happy Trading



Reply to mellie - Msg #605 - 11/06/2017 09:48

I just started trading options. I bought a coke call option that expires in 3 months, with the intention of a long position. It seems to be losing money. The strike price is $39 and I did pay a premium for the option. On my account, I'm seeing it in the red more and more each day. The current price of the stock is lower than at the time I bought my call option. Should I be concerned about this or just hold on and bide my time because the option expires on Feb 16. Thanks.

NOTE: This message was originally posted on 2017-11-06 09:43:37 by the mellie.

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