I made a huge mistake. I like

I made a huge mistake. I like to watch for big opportunities near option expiration when options are cheap. Can easily lose the entire premium but if things go your way, gains can be big. I saw volume picking up and the price steadily rising and realized there was a good chance of an explosive move higher. The stock was under $8 and I saw some $10.50 calls expiring Friday selling for .05 so I bought 10 (first mistake. Buying only 10 for $50 was ridiculous). Within 15 minutes or so they were bidding .15. For some reason I put in a sell order for all 10 calls at .20 (second bad mistake. If I had the urge to take a 300% gain in a short time period, I should have kept at least half.). There is a good chance this move continues for now but unfortunately the dirt cheap options are gone. I do have some remaining 22Mar $7 calls I bought for .30. Hope all longs here make a bundle!

$SoundHound AI Inc(SOUN)$

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Comments

RXU
03-15
RXU
thanks for sharing experiences
AuntieAaA
03-15
AuntieAaA
GOOD

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