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EEazy89 t1_j9hlrq6 wrote

Reply to comment by The-Soldier-in-White in UP 60% on my Spy Puts today ! by cezapiza

Definitely DONT sell now. It would be better to lose it all and risk making more back. Especially down this bad. Worst advice ever. He’s down 95% already and the market will probably be red with Putins remarks. Hold.

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moon_apes_unite t1_j9hrrvp wrote

I hate that this is the right answer.

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EEazy89 t1_j9hurzg wrote

I honestly think OP is gonna make a good bit back. I’m curious to see how the market will be for the next week or two until the next Fed meeting.

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Fun4life90 t1_j9hue1u wrote

Dude his shit expired march 17 and his breakeven is 336!!! it’s basically dead money if he doesnt take what left of it

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EEazy89 t1_j9huoco wrote

Yeah. And it’s still February. If the Spy down to 380 even those options would make him back thousands. If they were 1-2 weeks from expiration I’d say sell. But he’s got almost 3 weeks more actually.

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Fun4life90 t1_j9hv2wm wrote

You got 1 week till end of Feb. Even if it hits 380, he’s probably wont get much back. Those puts gonna be worthless very soon

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EEazy89 t1_j9i8n6b wrote

At best he may get back like $2000-$3000. I agree with you to an extend though. He should probably hold but sell very soon. Either Friday or next week. Depending on how the rest of this week looks

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