Correct.rtpAggie said:can you explain what this means? sold some of it?FJ43 said:Scaled down to runner here at 65%FJ43 said:
Bought CCIV 6/11 25C
Scaled first few at 37%
Let's assume he bought 6 option cotracts.
He sold the first 2 (so there would only be 4 contracts remaining) when he was up 37%. Then he sold 3 of his remain at 65% up on the investment.
So now he would only have 1 option contract that he is going to let ride and see what shakes out after recovering most, if not all, his capital on the original investment.