FFIV Situation

$110 after hours.
So now what:
1. Sell tomorrow if it stays above $110
2. Sell a Covered Call for $115 (Weekly or Monthly)
3. Put in a Trailing Stop order and let it run.
4. Go to the stocks board because everyone on this board couldn't care less.
 
Though buying a pre EA 200 IV long put 2 days before expiration defies sound option logic, congrats on a good trade. I hope it was real pesos not sim paper.
 
jkgraham,

If you are trying to learn about option greeks, you should look at something closer to 1 month options. Weekly options around earnings will not behave along black-schole lines. The reason for this is that hours will matter as well as the earnings event. It makes modeling them very tough.
 
Quote from jkgraham:

$110 after hours.
So now what:
1. Sell tomorrow if it stays above $110
2. Sell a Covered Call for $115 (Weekly or Monthly)
3. Put in a Trailing Stop order and let it run.
4. Go to the stocks board because everyone on this board couldn't care less.
More...

Yes, congrats.

4. It's more a matter that trading is full of tough decisions. No one else should make the decision for you. That's how you learn how to trade.

1.&3. Pretty good choices. (assuming that the stop works)

2. Risky. What's your outlook?
 
I sold the Weekly $110 Covered Call.
My outlook is that it will go sideways for at least a week. There seems to be resistance at $110.
I'll take the weekend to think about it. I need to put in a trailing stop somewhere.
 
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