Sergio Mitre
commented on
got some $Robinhood (HOOD.US)$ calls at 24$ ans 23$ and they are about to be in the money. any arvice ? i want to be able to create an income stream and not lose my shares. appreciate any arvice
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Big volume coming in on QQQ could mean a recovery or big money is unloading a lot of their inventory. More to be seen.
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Sergio Mitre : looks like it's down today. Personally I've always gotten burned with selling calls. you need a super solid exit plan like closing them out as soon as they hit 30,40,50 percent profit. otherwise you generally get burned or you get your profits locked up while you watch the stock go up.
If I was in this position I'd look to get out of them at a break even or small loss. You do have the option to roll up and out and try to extend the timeframe. This can be risky if there is a catalyst event near your expiration dates (like earnings). Best of luck!