instead of buying the stock, decided to enter this option. If price rally, I will get full premium. If price drop near $80, might roll for another 2-3 weeks or can consider holding the stock for long term $CRWV 20251128 80.0 PUT$
A mistake most people will make. Greed. Have a target price to close the position but due to greed, hold longer and in the end, the price reverse and profit became losses. Nowadays, have learnt to take profit along the way. Secure profits always better than losses at the end of the day
Something new that I learn due to this post. I won the option handbook from previous contest and haven’t received it yet so I will sit sideline and observe what will happen on this day. Maybe the next witching day, I will have a plan!