So I'm thinking we continue in this downward channel for the next couple weeks. So if that's the case I went with a 394 target. If it gets to my target before the 28th, I'll take half off. Come expiration date if this is at or below 394 I'll close out the entire combo. If we are still above 394, I'll hang on to my 400 strike and manage it.
Trade active
Comment:
Target reach. Took half off. If we are below 394 come the 28th I'll close out the entire combo. If we're above 394 by the 28th I'll hang on to my 400 strike and manage it until expiration.
Comment:
Letting my 394 strike expire and hanging on to my 400 strike. Will manage it to expiration date.
Comment:
Hanging on to my 400 strike until tomorrow. Still in between that downward channel. New target... 390 and I'm out.
Trade closed manually:
Jumped out of that downward channel. Expired worthless.