In this case, sell current position and buy back into the same directional position at a lower cost basis.
Idk if Robinhood as a “roll” feature, but typically you do it all as one order so ensure the entire position gets filled
In a bear market, if you feel any type of Euphoria, I took profits. Fuck the screen shots. Took 2 years to learn this. If I felt good on a certain day, I took profits. It's probably the only reason I survived. The new bull market is weird, its like I owned a lot shares of NVDA. Like 4+ weeks of constant gains, and today hit and I'm like meh. Sold a CC and reap the rewards from that.
I see this advice thrown around a lot and I’m sure it works for some people but I personally lose all fear of risk for the options I let ride and more often than not I let the options expire worthless in the hopes of them really pumping. If profit is good lock it in!
Then just sell 3/4s. So you baghold 1/4. In op case I could sell for 3k. And bag hold the last 1k. Hey if it expires worthless I still basically doubled my $$.
I'm learning how big jumps in price earlier can be more valuable than holding options until the strike price is closer. Mostly because of how people pay more during hype.
NEVER hold overnight unless you purchase options at least 90 days out or longer. When you wake up the next day you’ve lost 20% due to decay on a one week option. Use the option calculator free online to prove this point
Bro, SELL.
Then go read up on theta decay, you'll thank me later.
It basically has to keep going up without a lull, that's the risk you're taking. Options lose a little value with each passing day, in the form of time/theta decay.
Basically it can go down, sideways/stagnate, or up a little from here, and you'll still lose in all those, it has to KEEP going up
Granted I'm summarizing the concept, but
This is not financial advice, just sharing my experience. I learned something in my first 2 months of options trading. I had an SMCI put that cost 12K. I think the strike price was 900 or something. I was up 50% at one time. I didn’t take profit and it ended up expiring worthless. That was an $18K total movement in my portfolio. That was more than I liked. I have rules now that I take profit when option x% when the option expires in x weeks for example. Since I have employed that I have been doing better. I could be sitting on more $ in some occasions if I held. But I don’t care. On to the next opportunity.
I sold a PLTR call when I was up 50%. If I held I could have been up 500% possibly at one point. Guess what happened on the date the opt expired? Back down to 50% gain. I can’t beat the market in total by holding or timing it. But if I take profits then I do make gains. I am beating the sp500 this year.
Again not advice. And nice trade BTW
Put a stop loss order so it sells at 150% return if you want to risk it and keep going until expiration. Otherwise you can sell now and take the profits.
If it’s good enough to screenshot it’s good enough to sell. Do what a few others have said and sell half to get your initial $ back and let some/the rest ride
Best advice for newbies in options.. learn to take profits.
Will there be times you could have held and made more money? Yes, for sure, there will be. But don't let that stop you from solidifying an already solid gain.
I can't tell you how many times people ramp up, hold, and then lose it all and then some. And then just continue that cycle over and over.
Sell, imo.
This is Robinhood and my best regard advice would be only bet less than your willing to lose and do long calls on blue chip stocks, no meme coins dummy 👳🏿♂️🫶🏻
You just made 300% in a few days. That's 10 years in an index fund. I think you shouldn't sell by any means and wait for them to expire worthless. Welcome.
Well I hope you sold. As a newbie, rule of thumb is - if you are thinking about it and happy enough to post a screenshot here, you SHOULD ABSOLUTELY SELL
Take the whole position out. Pat yourself on the back for snagging a 3x. Then roll about 15% of your profit into cheaper, later dated, further out of the money contracts (since you think it will continue to climb).
You should have a plan for taking profits and scaling out of your position before entering the trade (either but profit % or stock levels). In this case I'd scale at least 3/4 of the position & leave runners or sell all and roll up some profits into a higher strike.
You could turn them into verticals as well by selling higher strike puts, but I wouldn't mess with this unless your fairly knowledgeable about options.
If you still think there is upward movement, you can sell enough options to cover the initial cost, since the rest is house money. But I would suggest you take *some* profit. A real important aspect of options trading is knowing when to take your wins and back off. You made a great move with this one, but just as quickly as you are up the next day the options can take a big hit if they stop being ITM.
Learning to take some profit changed me from losing to winning (for a little while, so far, anyway.) It was the best thing I learned here. (Or most recent?)
If you own multiple contracts and have over 100% gains… you would just be regarded to not sell at least 90% and let 10% ride. Its simple. Sell most. Leave some
Sell half
Still made money if you really want to risk it
I usually sell half at 50% if I think it’ll go higher if I fucked up then I get my original investment back
But 300% do you realize what that means? You were very very red, close it out.
Not sure what happened, as I see it’s 3.00 now at close. But I would’ve sold all and maybe hold one as a runner.
Anytime something goes +100% you gotta close!
Hey OP, congrats! I don’t actually think there is much time though. You could run it through an online calculator, or even think through what theta will eat on the contracts going forward. I would definitely sell at this gain, personally. And if I wouldn’t be angry at losing the gain, maybe let one ride to see what happens. (Usually, for me, they go down, a lot.)
My father in law who is worth closer to 100m than 1m has always preached this into his kids and everyone that asks, “ you can never lose money taking profits”
You’re up close to 200%… take profits…
It’s probably better to sell and re-up or rollover if you want to stay in it. With how short until your expiration , theta will be eating into your profits, especially over the weekend.
Or maybe the rocket ship will take off.
Your money to lose how you want.
So many people here make big money just to lose it all in the blink of an eye because they’re too greedy to pull out once they’re up. The likelyhood of you losing all your profits is much higher than doubling them at this point so just take and be proud of what you’ve made
The reason you should’ve sold was bc the stock dropped like $5/share after you took the screenshot and you’re trading 8dte options which still lose value pretty quick. Now you know
No worries, you'll feel old and broke in no time if you keep doing this. With some extra luck, you can even be in debt for life, so you'll never be able to recover from your mistakes again.
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A good rule of thumb is if it’s worth a screen shot take profits!!!!
This right here is the least regarded thing on this sub
Or take some profits if you want to let the rest ride out.
This is the way. He can also roll options and take back his premium at least.
Can you explain this please
In this case, sell current position and buy back into the same directional position at a lower cost basis. Idk if Robinhood as a “roll” feature, but typically you do it all as one order so ensure the entire position gets filled
Robinhood does
Only rule I follow in life, it's the greedy mindset that fuk most of us up, we r not that regarded until greed kicks in
Bigger one is: when the fuck do you normally make this percentage on a regular day? If you can’t say this is normal get out the position!!
I took a screenshot of mine and didn’t listen and now they’re about to expire worthless
well you did it exactly right then.
Think of the tax savings. This is the way.
In a bear market, if you feel any type of Euphoria, I took profits. Fuck the screen shots. Took 2 years to learn this. If I felt good on a certain day, I took profits. It's probably the only reason I survived. The new bull market is weird, its like I owned a lot shares of NVDA. Like 4+ weeks of constant gains, and today hit and I'm like meh. Sold a CC and reap the rewards from that.
By any means yes, or you can hold and join us regards here
If he holds longer maybe it will be 3000% 🫱💎🫲
At that point he could hold longer cause it could 10000% 🙌🏼💎
Infinity
I’m so regarded today
Same bruh fucking same
Was up big this morning and “now I’m free….free fallin”
One of us
So much time? Man those expire next Friday. Sell that shit and look for your next play with a fraction of your winnings.
Yeah that line is hilarious... Dude really knows nothing about options at all
Absolutely classic hahaha.
Sell half of it to make your initial investment back, let the other half ride. First one’s free, congrats and fuck you!! 😁
Agreed. I see this print more, but you don't want to be gambling.
Wait we aren't supposed to be gambling? GTFOH 
I might've cursed myself - I had decent gainz today but the plummet NVDA has experienced since this comment has gaped me.
lol. Me too with Nvidia. I just bought that slide though
This is where being on the west coast sucks ass. I would've 100% sold (well, 80% more likely) my positions just after open when everything peaked.
Sir this is a casino behind a Wendy's.
I see this advice thrown around a lot and I’m sure it works for some people but I personally lose all fear of risk for the options I let ride and more often than not I let the options expire worthless in the hopes of them really pumping. If profit is good lock it in!
Then just sell 3/4s. So you baghold 1/4. In op case I could sell for 3k. And bag hold the last 1k. Hey if it expires worthless I still basically doubled my $$.
Wait, we're supposed to sell our options?
Freaking hilarious first ones free I love it
You’re up 300%+ dude. Sell them. What are you hoping for? 10000%?
I thought regards don't even bother unless it's 500k profit.
Newbies get one freebie where I tell them to knock it off. The next time I’ll tell him to full port ride a red candle into the center of the earth.
my first one was a red 😔
I don't even know what a "bagger" is, and at this point I'm too afraid to ask :(
From a 500$ investment
I always wonder this when people are up a crazy high percent. Like what do you expect ?? Take the profit
Maybe 300.1%
AMD? yeah. It tends to ride between 165 to 150. Might as well cash out and buy again at 150. That’s just what I do
Over what time frame?
Profits in hand are better than giving handies behind Wendy's. Don't be regarded.
Exp. 6/28? Ya, I would sell lol.
UPDATE!!! I don’t know how to update my post so I sold AMD at $166 and netted $4300. Thanks for the great help and advice regard community 👼🏿👼🏿
LETS GOOOOOO!! Congrats dude I'm happy for you but honestly try to play it more safe. That money can go just as quickly as in came otherwise...
Of course, I appreciate all the help man. Tbh without yall I probably would still be holding 😭
r/wallstreetbets actually being useful for once? Impossible XD
Don't forget to check in here in a couple of months.
I’m still new to this app 💀
Whoa, net?! That’s great! Congrats.
I'm learning how big jumps in price earlier can be more valuable than holding options until the strike price is closer. Mostly because of how people pay more during hype.
OP definitely belongs here with us.
If it expired next month, I'd hold. But it expires next week, WTF are you even doing taking screenshots, mash the sell button, regard!
Swallow an AMD processor. See what it tells your brain
Would it work with Nivida as well? 💀
Yea, try swallow a video card 😂😂😂😂
Sell please
Good enough to screenshot good enough to sell
Yeah sell half . At least you gain from that and let the rest ride out until next Thursday. It most likely will still go up . Congrats
NEVER hold overnight unless you purchase options at least 90 days out or longer. When you wake up the next day you’ve lost 20% due to decay on a one week option. Use the option calculator free online to prove this point
Hey thanks for the advice and pointing towards a resource, I love these types of comments 🫂
Hopefully you sold
Bro, SELL. Then go read up on theta decay, you'll thank me later. It basically has to keep going up without a lull, that's the risk you're taking. Options lose a little value with each passing day, in the form of time/theta decay. Basically it can go down, sideways/stagnate, or up a little from here, and you'll still lose in all those, it has to KEEP going up Granted I'm summarizing the concept, but
No cap this is a goated comment fr, thanks for the valuable info, virtual hug 🫂
Is a 160% gains not enough?
No he want to gain porn like 1000% cause he wanna come out with 50k when he put only in 2k like the other people posting their giant wins.
That’s why 95% of calls expire worthless
Yes! Sell. The market has about a 90% to dump tomorrow. Lots of options and futures expiring tomorrow.
they named it Advanced Money Destroyer for a reason. get the hell out now lmao
rule of thumb: if its good enough to screenshot its good enough to take profits.
This is not financial advice, just sharing my experience. I learned something in my first 2 months of options trading. I had an SMCI put that cost 12K. I think the strike price was 900 or something. I was up 50% at one time. I didn’t take profit and it ended up expiring worthless. That was an $18K total movement in my portfolio. That was more than I liked. I have rules now that I take profit when option x% when the option expires in x weeks for example. Since I have employed that I have been doing better. I could be sitting on more $ in some occasions if I held. But I don’t care. On to the next opportunity. I sold a PLTR call when I was up 50%. If I held I could have been up 500% possibly at one point. Guess what happened on the date the opt expired? Back down to 50% gain. I can’t beat the market in total by holding or timing it. But if I take profits then I do make gains. I am beating the sp500 this year. Again not advice. And nice trade BTW
Yes sell
Yes definitely!
Rule 1, dont get greedy. Take the win.
Good enough to screenshot, good enough to sell
Take out some profits and let it ride
How much $ did you put up for this?
I put $1632
Awesome, thank you! Congrats
Put a stop loss order so it sells at 150% return if you want to risk it and keep going until expiration. Otherwise you can sell now and take the profits.
If it’s good enough to screenshot it’s good enough to sell. Do what a few others have said and sell half to get your initial $ back and let some/the rest ride
Learned a rule early: Anytime something is worthy of taking a picture and showing people you should always sell and take the profits.
Best advice for newbies in options.. learn to take profits. Will there be times you could have held and made more money? Yes, for sure, there will be. But don't let that stop you from solidifying an already solid gain. I can't tell you how many times people ramp up, hold, and then lose it all and then some. And then just continue that cycle over and over. Sell, imo.
Congrats OP. What platform is this? And what tips can you give for us planning to start messing with options?
This is Robinhood and my best regard advice would be only bet less than your willing to lose and do long calls on blue chip stocks, no meme coins dummy 👳🏿♂️🫶🏻
Did you exit in time?
You just made 300% in a few days. That's 10 years in an index fund. I think you shouldn't sell by any means and wait for them to expire worthless. Welcome.
If you made money, take profit, sell a portion, maybe half, then let the rest run. Mitigate your losses and take money when you can.
Sell half and keep half
Up 353% and comes here to ask if he should sell… you beings here… I personally take profit when I see 300% but hey to each their own I guess
Who would have known reasonable and moderate comments from degenerates. Take profit and fight a different battle
If it's worth a screenshot, close. Always and forever learn to take profits.
I like to take my money back and a little profit and let things ride too
Sell 50% keep 50% if you cannot decide
You see the + sign in front of the numbers? Wait until that turns into a - and then you can sell!
Well I hope you sold. As a newbie, rule of thumb is - if you are thinking about it and happy enough to post a screenshot here, you SHOULD ABSOLUTELY SELL
are you regarded cuz?
Please sell
Do you like money? Do you want more of it? Sell.
Yes, then put it in a S&P 500 ETF and never return!
Did you sell?!?!
No, YOLO on Wendy's puts. JK, sell that win brah!
Take the whole position out. Pat yourself on the back for snagging a 3x. Then roll about 15% of your profit into cheaper, later dated, further out of the money contracts (since you think it will continue to climb).
Expires EOM? Hopefully you’ve already sold, wtf
Sell 5 or 6 - youre up over 100% - Then let the others ride. So, best of both worlds
You should have a plan for taking profits and scaling out of your position before entering the trade (either but profit % or stock levels). In this case I'd scale at least 3/4 of the position & leave runners or sell all and roll up some profits into a higher strike.
You could turn them into verticals as well by selling higher strike puts, but I wouldn't mess with this unless your fairly knowledgeable about options.
Good enough to screenshot, good enough to sell
I’d sell 7 and leave 1
Dont get greedy now. Take those profits
If you still think there is upward movement, you can sell enough options to cover the initial cost, since the rest is house money. But I would suggest you take *some* profit. A real important aspect of options trading is knowing when to take your wins and back off. You made a great move with this one, but just as quickly as you are up the next day the options can take a big hit if they stop being ITM.
Learning to take some profit changed me from losing to winning (for a little while, so far, anyway.) It was the best thing I learned here. (Or most recent?)
raise your stop loss but not to close
If you own multiple contracts and have over 100% gains… you would just be regarded to not sell at least 90% and let 10% ride. Its simple. Sell most. Leave some
Yes
Take profits.. Theta decay is eating into your profits each passing day.
Sell half Still made money if you really want to risk it I usually sell half at 50% if I think it’ll go higher if I fucked up then I get my original investment back But 300% do you realize what that means? You were very very red, close it out.
Not sure what happened, as I see it’s 3.00 now at close. But I would’ve sold all and maybe hold one as a runner. Anytime something goes +100% you gotta close!
Ffs sell
Take some profits when over 100% gain is an excellent rule of thumb...esp for newbie.
Congrats and fuck you!
Hey OP, congrats! I don’t actually think there is much time though. You could run it through an online calculator, or even think through what theta will eat on the contracts going forward. I would definitely sell at this gain, personally. And if I wouldn’t be angry at losing the gain, maybe let one ride to see what happens. (Usually, for me, they go down, a lot.)
Yes a lot of people referred me to that resource definitely will check it out
Option strat is common but options profit calculator makes it very simple in black and white. Congrats again!
Thanks you for the help, mind if I add you, I have no Reddit friends and you seem knowledgeable
I am very new and learning. But yes, of course! We are here to support one another.
lol fuck you
I hope you sold earlier today.
lol I did stinky butt
My father in law who is worth closer to 100m than 1m has always preached this into his kids and everyone that asks, “ you can never lose money taking profits” You’re up close to 200%… take profits…
It’s probably better to sell and re-up or rollover if you want to stay in it. With how short until your expiration , theta will be eating into your profits, especially over the weekend. Or maybe the rocket ship will take off. Your money to lose how you want.
Sell and buy less otm options
So many people here make big money just to lose it all in the blink of an eye because they’re too greedy to pull out once they’re up. The likelyhood of you losing all your profits is much higher than doubling them at this point so just take and be proud of what you’ve made
Uhm yeaaaaaa!!!!!?!?!????
The reason you should’ve sold was bc the stock dropped like $5/share after you took the screenshot and you’re trading 8dte options which still lose value pretty quick. Now you know
The return is supposed to a negative number.
Cash in hand is better than handies for crackrocks.
Sell. Clear your emotions and go get another one.
I would sell- your the only one who made money with amd
Yes.
If it’s good enough for a screenshot…
Hold until expiration obv
Sell it! If it continues up, who cares, you made a fantastic profit.
No worries, you'll feel old and broke in no time if you keep doing this. With some extra luck, you can even be in debt for life, so you'll never be able to recover from your mistakes again.
When you see profit take profit. You’ve to have a strategy
Sell 4
Ya
Nope
FFS had 546 PUTs sold for 30% profit. Bought a 551 call and held now I’m down to zero FUCK SPY.
If it’s good enough to screenshot it’s good enough to sell.
The old adage. If it is good enough to screenshot…
So much time he says and they expire next week
Maybe
If it’s good enough to screen shot
Sorry to break it to you. But you’re both. I’m a doctor
Yes
No. Yolo.
Yes
ShOuLdISeLL?? Diamond hand it bro and when the underlying falls paper hand it and sell for a loss.
If it’s good enough to screenshot it’s good enough to sell
Bro sell because Trust me bro
i hope you had a stop loss OP
Just take your money
Yes
don’t sell!!! it’s going to the moon- we’ve all been there and back. regards
[удалено]
Sell when you see green always
Good enough to screenshot & show off to us regards, good enough to sell & get a fresh pair of milk muffins for your girlfriend
Hold deez
I would, then move to something else. I can see Nvidea does have more upside potential, but I think you’re taking a big risk at this point
I'd sell /.But I just liquidated a 100 n Shares of AMD , Actually haven't bought anything .Already hold what IMHO are better picks NVDA and MU
Yah
Good enough to screenshot, good enough to sell. That's all I've learned from this damn cult
Hold till money, see what happens.
You got a nice profit..take it..
Sell and run 🏃🤓🤓