Question: I know the rule is to let the option contracts expire worthless but if for example I have a contract that is still 2 weeks till expiration, but the max amount of profit left to make is only a couple percentages, would it not be better to take the profits at that point?
👍 good indicator Greg M
appreciate the heads up alert, mmri
(DXY = 93.64) * (TNX = 1.667) / 1.61 I notice the formula...what does 1.61 stand for / where does this number come from? Thanks!
golden ratio. look it up if you are not familiar with it. Pretty interesting :)
Question: I know the rule is to let the option contracts expire worthless but if for example I have a contract that is still 2 weeks till expiration, but the max amount of profit left to make is only a couple percentages, would it not be better to take the profits at that point?
Thanks
We Beaminjust now
greg are you holding the stocks that are on your webpage. and selling options around them same postions as a hedge ?
I think I will start taking my profits on tech and move more into energy (XOM)