-$346 Loss
UBERLong Option

This was an IRIS swing play. I should have chosen a later dated option. Got scared to hold this one as the end date came close, then UBER took off as was anticipated. I could have made a pile of cash had I held on 2 more days. Still unclear how the theta would have affected my potential profit here. I think the lesson for now is that I am not ready to trade options.
Broker:Schwab
| Date | Price | |
|---|---|---|
| Entry | 2/6/2024 | 2.79 |
| Exit | 2/12/2024 | 1.06 |
- Total Views25
- Position Size200
- Percentage-62.01%
- Option TypeCALL
- Strike71.0
- Expiration2/16/2024
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