So today I was keeping an eye on $SST and knew it would crash down from $30 so I decided to sign up for options to buy puts. When it was at $28 I bought 2 puts, $20.50 and $19 both expiring 4/8.
After buying I realized I have no idea what I’m doing with options.
The 20.50 went into the money so I sold the contract and made about $100. Should I have exercised the option instead? Still holding the $19 contract and the price is at 19.50 so it’s not in the money yet but tomorrow it probably will be.
Wtf am I doing here? Thanks in advance.
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