Hello, I am fairly new in Options trading and made a huge move (Stupid me). Bought 30 K Worth of TRN $28 call options with expiry 07/19. Its went 40% down yesterday and another 30% today. Overall loss of about 60%. The analyst rating for this stock on Robinhood shows 80% buy and 20% hold. What should I do?
Here are some Stats:
Call Options: $28 Exp 07/19 for $1.11 300 Options --> Worth around 30K. Current Options price: 0.40 ~ 19K Loss. Current Stock Price: 24.18 (-3.36% today)
IV: 25.79
Should I sell it and take the losses or keep it?
Submitted February 22, 2019 at 12:16PM by 10eleven11 https://ift.tt/2EnqjeQ
