I sold April puts at 25 on 12/11. What do I do now that stock is dropping sharply the las two days account of shorting and insider sales? I am new so I am wondering how quickly advice changes on these boards when there is a change in the action. I am looking to cut losses.
I am new to options so can't help but I just placed order to sell April $23 puts. The last trade was higher than ask price? If trade goes through I'll post results.
Trade completed. Sold to open gme apr 20 2013 23 put. Shows as : short option value -$162. Does this seem right?
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