I'm reasonably new to options trading and would appreciate some help. I picked up some Apr 10 $5 calls on Vaalco a while ago and recently rolled them out to the Jul 10 $5s. My cost average is 0.39 (39 cents) and they closed yesterday at $1.10 (which is great!) The 1 year price target seems to vary between $7.50 and $9 (the underlying stock is just under $6 at the moment).Can anyone help me with suggestions of what to do? The things I've been thinking about are:1) selling enough to cover the costs - effectively giving me a free trade with the remaining contracts2) letting it ride (although it is making me nervous - I don't want to risk losing everything)3) rolling up and out to some of the Oct $7.5s (perhaps half of the holding)4) taking some profit now, rolling some out to the $7.50s and keeping some of the Jul $5sThanks in advanceCarl
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra