Hi All
I bought 100 stock of XYZ at $10 more than 5 years ago. It is worth $30 now. However, it is fickle with the next earnings 2 months away and can fall rapidly. I want to protect my $20 gains.
Should I buy a put for $30 for $ 2 expiring a week after the earning ? I understand I will cut my gains by $2 but will be protected in case the stick falls
any other ideas to lock the gains without selling now ?
thanks
I bought 100 stock of XYZ at $10 more than 5 years ago. It is worth $30 now. However, it is fickle with the next earnings 2 months away and can fall rapidly. I want to protect my $20 gains.
Should I buy a put for $30 for $ 2 expiring a week after the earning ? I understand I will cut my gains by $2 but will be protected in case the stick falls
any other ideas to lock the gains without selling now ?
thanks
Statistics: Posted by newbee1 — Wed Jun 05, 2024 3:34 pm — Replies 2 — Views 224