$UP Fintech (TIGR.US)$ so what do you do if you bought it at...
$UP Fintech (TIGR.US)$ so what do you do if you bought it at 6.90 $7 .710
you have three choices the first is you can buy more an average down I would advise against that the second is you can sell and take a loss and some people may choose to do that
the last is utilize options and sell covered calls against your position I would use a $7 strike I know it's not a big premium but they have weekly expirations and this will give you the ability to sell calls this week for Friday next week for Friday the week after and you keep doing it to collect a premium to lower your cost basis and the risk would be the stock spikes up and it gets called away and you know what so what because sometimes the return of principle is more important than the return on principle
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment