I'm am a relative newcomer to option trading so perhaps Elitetrader is where I should not be, but I'd like to hear some options experts ideas on what they would have done.
I had a pure bullish position on PCU purchasing a moderate position in June 06 60 calls
by pure luck the stock skyrocketed and the calls became pretty deep in the money.
Given the huge profit, I exited the position when PCU started to weaken. I'm a very happy with the trade but consider myself very very lucky since my base metals hunch could have easily done me in.
I am mostly an equities trader, and reserve only 5-10% of my portfolio for options trades.
What would you have done with the position at this point? other than book the profit?
11Blade
I had a pure bullish position on PCU purchasing a moderate position in June 06 60 calls
by pure luck the stock skyrocketed and the calls became pretty deep in the money.
Given the huge profit, I exited the position when PCU started to weaken. I'm a very happy with the trade but consider myself very very lucky since my base metals hunch could have easily done me in.
I am mostly an equities trader, and reserve only 5-10% of my portfolio for options trades.
What would you have done with the position at this point? other than book the profit?
11Blade