AG 2000' said:
mazag08 said:
zwhag2010 said:
Anyone in Sept 17 75c for GILD? Saw OA1s Twitter on it. Or did everyone else stop out on those?
If you got stopped out you set a bad stop.
How do you determine good stops on options? Or are you just setting on the underlying stock?
I chart my levels and know where my targets are.
On GILD, I've had support pegged at $70.85 (top of its previous wave before it's high) since it's high on August 18. I set an alert to go off if it breaks support. If it does, I execute a market order to sell.
With options, the price changes based on time decay, volatility, and price. So you can't just set a plain stop GTC. The corresponding stock price will jump around that option price.