GD, Aprils, yes, Junes, Nope. My system of option buying, whether puts or calls, is set up to let them run until expiration, or until my profit level is hit, with minimum pain. If your system is higher risk than 90/10, then you may have to sell them both. I would probably roll the Aprils out to May, just because of the time factor, if I still had confidence in the story, but I'd let the Junes run. In fact, if I liked the story, it might be time to add a last third.
I think the real question is whether anything fundamental has shaken your confidence in the story that got you interested in the first place. A chunk of new offering is hard to digest, but it doesn't last forever. But options are always specultative, no matter what the story, as you have to be both right and right on time.
Hope it works out. MB |
