-$346 Loss
UBERLong Option
marcrigatti

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.

000

Broker:Schwab
DatePrice
Entry2/6/20242.79
Exit2/12/20241.06
  • Total Views25
  • Position Size200
  • Percentage-62.01%
  • Option TypeCALL
  • Strike71.0
  • Expiration2/16/2024
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