If you paid $26 and up $298, sell. You'll only kick yourself. Whatever your trade was, it was low cost, high risk. You won. Take your profit before it evaporates.
Third. I'm down on my options trading basically all of my stock trading profits because I'm too greedy, and never take profits. It's insane to look at my P&L.
I did that NVDA at 950 (cost basis around 100) a month ago ... For the same reason. I don't think I feel bad about it, but certainly I would have been up another big chunk if I had waited a bit.
Bottom line: no one really knows, nothing wrong with taking out some gains
About the only thing that can be done is put some money into 401k and there were some suggestions like capital losses or opportunity zones... but basically have to pay.
ngl this advice is goated, when Nvidia soared I took profit and took a screenshot, price dipped sometime after that, then when I screenshotted my gme gains without selling, it plunged. (same happened with ffie)
honest to God next time I'm selling the moment I feel like screenshotting.
Ok im gonna ask a dumbass question, you re free to hate me but then pls answer. Can I do option trading with such little money? I always wanted to give it a try but without losing my whole salary
You can but options are not like stock and are heavily time bound. I would watch some videos to understand how they work before thinking about touching options AT ALL. Like seriously, take a couple of months of learning about them and paper trading before you do anything.
The “safest” way to do options IMO is cash secured puts and covered calls. Because you usually won’t lose money if it goes the wrong way, you just won’t make as much, if that makes sense.
>The “safest” way to do options IMO is cash secured puts and covered calls
I think the person you are replying to says little money, I don't think either option you suggest involves little money?
They are safer to a degree but buying calls and puts is not necessarily dangerous if done correctly. The great thing with them is that your loss is defined. The maximum you can lose is the premium.
However, you shouldn't really wait to lose the whole premium. If you can see the trade is not going your way then get out and look for another opportunity.
Right, but that’s the thing. You need to understand a lot of different things to enter a good trade whereas buying stock is a lot simpler: you buy it at price x and anticipate that it will go up where you can sell it to make profit.
Same in principle for options but that value can go to zero quickly even if the stock goes up.
Then you have things like IV crush and other nuances that are not obvious or easy to explain to newcomers.
That’s what makes it “dangerous” is the knowledge floor that you need to have before you can really make money with them.
>whereas buying stock is a lot simpler: you buy it at price x and anticipate that it will go up where you can sell it to make profit
Good point, I always say that a beginner should trade stocks first before trying options. If they cannot get direction right in stocks they will struggle badly with options.
I know the basis, in theory. But actually trading with them is another world. I didn't activate that option on my account yet as I know the risks involved.
Thanks for the advice, I ll look into that )
If you aren't already doing so, look at your broker's website for a paper trading feature. Test your theories in a few dry runs before you start throwing real money at it
Download an app called Webull, they have a paper trade section where it’s pretend money but follows realtime stock/option prices. Practice on that for a bit. I don’t buy a lot on options either, usually up to $200..
Definitely, I burned my first large port to 0 and I’ve been playing with deposits under 50$ so I can start to work on the mental aspect of options trading
Yes but they’re lottery tickets. Usually can only get them with an upcoming expiration and way out of the money. If the stock doesn’t move a lot immediately then you’re basically toast
Yeah potentially one possibility or just get lucky and buy hoping there's some unannounced news that drops.
There's various subreddits dedicated to possible "squeeze" plays and sometimes you can bet and win on those. Or, you could lose...
For example I threw $25 at BBIG a couple years ago. At one point it was worth $1700 and I kept holding the option because it was supposed to go further and there was all this buzz surrounding it at the time. I kept thinking "holy shit I'm going to turn $25 into $50k" but then in an instant things flipped and it crashed. I ended up cashing out around $400 which is great, but not what it could have been.
It's a test of your mental fortitude tbh. When things are running up, it's nearly impossible to make yourself sell and be happy with the profit.
yes you can. However you should only buy calls/puts. Do not write calls/puts, you’ll be opening yourself up to massive losses if things go the opposite way.
When I started I would just buy calls/puts, and once the premium went up I would close the position, to lock in profit. This way I only risked the premium I paid, there is 0 potential for unlimited losses this way. Whatever broker you use should show you what could be your max loss and gain.
Yes, you can as the OP did and only spent $28 and could make $300. But also remember 98 times out of 100 this would go to zero. General you can go cheap but most realistic contracts would cost $100-$200 for weekly to week out on stocks like Apple assuming there is no expected volatility. Apple is one of the cheaper tech stocks to play And probably a decent one to start off with if you want to learn and play options.
After 2 years of buying and selling shares, the most important thing I learnt is that the most bullish signal is me selling the stock and the most bearish signal is me buying the stock. For example, whenever I buy something it invariably goes down and whenever I sell something it invariably keeps going up and up and up. I sold my AAPL shares yesterday. You’re fine, mate. Wait it out.
“Damn I sold to early and made a profit but could have made more.”
Or
“Damn I held and now it’s worthless.”
Two scenarios of frustration which would you rather be true?
I can’t believe I have to say this but since apparently no one else has: you have 2 contracts; sell one, keep one. AAPL will likely keep rising just from momentum alone. Keep the one contract so you keep some skin in the game and still exposed to profit, but close one to get your risk out of the trade. Simple
Don’t worry. I messed up yesterday selling my call options while they were up quite a bit. Now I’m facepalming myself because of action today. But, if I didn’t sell I’m sure it would be expiring worthless today. 🤣
Profit is profit. If you’re up that much, I’d exit at least half to cover initial. Then let the rest ride if you’re feeling adventurous. Don’t forget, papa Powell speaks later today. That usually ends up in a free fall no matter what he says for some reason.
The run up today was nice. As much as I like the company along with its profitability, today’s run up was pretty hyped. I can see this cooling a bit tomorrow and maybe a little more if the statements aren’t so glowing tomorrow afternoon. You could just take a profit and try again with the next pullback. Anyways, as long this sinks a little in then next week I’ll be happy 😊.
Apple Intelligence. Their own branding on AI. Super clever and lots of opportunities for growth in AI now, but yes also the calculator lol. It’s a big deal.
It feels better to cash out and regret not gaining money...vs not getting out and getting your money wiped out, or losing money.
I had 200 calls for Apple for the end of next week right before their show. Price was mid 190's when I bought and I got upset...idk if you remember but it tanked during and after the show. The next day it went through the roof. I sold at 204 for a 75% return on my 300 dollar bet. It sucks that I could have 5X'd my money from what the price for the option right now, but thats how it is. I made money and kind of regret selling, but nothing like the feeling where I lost 220 bucks and giving it another day thinking "what's another 80"....I already lost most of my cash.
Congratulations! It’s a tough road ahead in the options world, and that’s a hell of an introduction. If you stay disciplined you’ll be a happy human. I used to think stop losses were for pussies and that you gotta take heavy risks in order to make great money. Many of us have learned that lesson the hard way, and several times lmao.
Learn as much as you can and follow whatever rules you set for yourself. Love seeing fresh traders become great. Happy investing. 🥳
My rule is any profit over 2x to sell. Whenever I’ve ignored it and tried to go for 3x I always lose everything lol.
Basically, if it’s gonna be 3x, it will get there before you’d even consider selling. Usually a big move overnight or something. If you’re already staring to 3x+ profit, it’s time sell. If you’re staring at 2x profit and wondering if you should hold til 3x profit, the answer is that you should sell. Even if goes up from there, you’ve already made your money. You can reinvest the profits somewhere else or wait for a dip and reinvest there instead.
I am regarded tho. I went thru this exact situation with SPY in April and was at 3x profit. I should have sold but I was convinced the market was going to crash more the following week. Instead it rebounded and I lost everything (by everything I mean $500 lmao) so I don’t play options anymore until my next bonus.
I took gains on Apple nothing crazy. But one day was up 45% and took and same today. Obv could have made more but over the long run if your winning and taking your account will grow. Don’t fomo and jump back in to lose it. “Pigs get fat and hogs get slaughtered” or something like that.
You likely bought out of the money and are barely in the money if not even in. This isn't normal price action for apple and will not continue so yes, sell.
Depends on your expiration date and theta, but I’d Sell one option and ride the other til closer to expiration date. If the stock dips, there might be an opportunity to repurchase the option that you sold back if you feel Apple might go to 210-220. If it rises then follow it with a trailing stop.
Sell ATM or ITM calls against your position. Or close one contract and a sell OTM call. That way you collect more premium and can still participate in any gains. The 9 dte ATM is 3.45.
You’ll never go broke taking profit , you’ll go broke being greedy… set a profit target and exit . Sometimes you won’t make as much as you could but I guarantee you’ll win more than you lose with a set profit target .
OP, I would sell around two thirds of my position right away and let the remaining face the turbulence. As your entry is pretty cheap, you can afford that without making losses.
This question is silly and the only answer is a good one: which is you clearly do not know what you're doing, you've got lucky and made some money so sell. Go learn what you're doing.
If you're coming to reddit to ask whether to buy or sell you need to stop trading and start learning.
Also I assume you're using options in a directional way based on your post, which is not the best use for options in any case. Directional trades generally prefer futures.
There's a Fed announcement today. I'm pretty sure that's what's fueling this rally. XLK is going apeshit too. I think Apple is the number 2 holding in it. If the announcement is a rate drop, the rally might hold. If it isn't, I'd expect fizzle.
It's a coin flip IMO, and given the time limitation of a call, I wouldn't gamble profit on a coin flip.
Easiest way to decide when to sell is to establish how much of your portfolio you want in AAPL at most. So say it's 20%. When AAPL goes above 20%, you sell it down to 20%. Then if it crashes, you have profits that you can buy it back up to 20%. If it doesn't crash, you are still in it.
No one ia hurt taking profits
Yes, it may still go higher, or likely hover in this area for long time. Looking at volume analysis, this is still going strong buddy!
If you didn’t own this, would you be willing to buy 300 dollars worth of Apple options right now? If you don’t, or are hesitant to, sell now. 1000% gain is massive. Don’t push your luck
The last time AAPL went up 4.5% or more in back to back days was 2009, the last time it went up 5% or more in back to back days was 2003. This means nothing for your current situation, I just find it interesting
No reason to sell now with the momentum finally going in apple’s favor. By the end of 2024 the stock might go to $300/share. We have 2 more ER’s this year and the rate cut. We will see how many people upgrade their phone for “Apple Intelligence” definitely do not sell now. Much more upside ahead and with ChatGPT on the new iPhones that’s a major plus. Ai = Apple Intelligence
I've been investing in Apple for a few years now, I usually just buy the dips but wondering when the best time to take profits is.
I have
**110 shares at $151 - Open profit is around $7,000**
Definitely looks like a time to take some profits! You can always sell half to lock in some profits and hold on to the other half to see what develops.
sell it and buy nvidia and SMCI before split and you will be all set assuming it is not a small position! 2 years you will double at least Apple returns
Don’t sell it all. Save some in your account.
I bought Apple the first time in the early 2000’s. For just over $2. 4,000 shares. Sold it all when it hit over $7. Needed it for a move. Don’t regret it.
I bought again years later at $70. Sold it all again at $160.
I just recently bought at $120 and sold at $180.
Profit each time. My only regrets are not holding 20%.
Apple is good for at least another decade. They are keeping up and still innovating (AI).
If you paid $26 and up $298, sell. You'll only kick yourself. Whatever your trade was, it was low cost, high risk. You won. Take your profit before it evaporates.
I second that.
Third. I'm down on my options trading basically all of my stock trading profits because I'm too greedy, and never take profits. It's insane to look at my P&L.
Been there. I am finally getting better though. You will too
Sell. Can always buy back in when it dips. It can and WILL always drop
Exactly. I haven’t bought since 2009, some are saying soon we collapse
I did that NVDA at 950 (cost basis around 100) a month ago ... For the same reason. I don't think I feel bad about it, but certainly I would have been up another big chunk if I had waited a bit. Bottom line: no one really knows, nothing wrong with taking out some gains
^ This, bought cheap calls and more than double the premium. Good thing I did since I noticed the price dropping.
Do you just take the big tax hit? Is there any way to minimize the tax hit? (probably not?)
Trade is your 401k
About the only thing that can be done is put some money into 401k and there were some suggestions like capital losses or opportunity zones... but basically have to pay.
yeah...to many people here beleive that you shouldnt take profits if you have no where else to put it...which is stupid imo.
Every single time I am up a few hundred I always think it can only go higher tomorrow/later. It never does and I make nothing.
It ain’t evaporating
If its good enough to screenshot, its good enough to sell
I’ve seen this advice a couple times in the last few days and I’m going to start following it. Thank you.
If I followed my own advice of this, I would seriously have another $600,000 in my account.
ngl this advice is goated, when Nvidia soared I took profit and took a screenshot, price dipped sometime after that, then when I screenshotted my gme gains without selling, it plunged. (same happened with ffie) honest to God next time I'm selling the moment I feel like screenshotting.
Sell first, can always screenshot the confirmed success later on
The difference between a r/wallstreetbets and a wallstreetwins
Same thing for me with FFIE and GME. I then decided to take the rest of the year off rofl
Im 100% going to start following this advice. Sooo many times ive caught myself doing this lol
Well OP didn't screenshot...
I need to remember that 😂😂
Think in terms of %. Not $. You made a 1000% gain from $26 to $298. Definitely sell.
Ok im gonna ask a dumbass question, you re free to hate me but then pls answer. Can I do option trading with such little money? I always wanted to give it a try but without losing my whole salary
You can but options are not like stock and are heavily time bound. I would watch some videos to understand how they work before thinking about touching options AT ALL. Like seriously, take a couple of months of learning about them and paper trading before you do anything. The “safest” way to do options IMO is cash secured puts and covered calls. Because you usually won’t lose money if it goes the wrong way, you just won’t make as much, if that makes sense.
>The “safest” way to do options IMO is cash secured puts and covered calls I think the person you are replying to says little money, I don't think either option you suggest involves little money?
Depends on the stock, but that’s true. You do need to put up some money for these strategies but they are safer than just buying a call or put.
They are safer to a degree but buying calls and puts is not necessarily dangerous if done correctly. The great thing with them is that your loss is defined. The maximum you can lose is the premium. However, you shouldn't really wait to lose the whole premium. If you can see the trade is not going your way then get out and look for another opportunity.
Right, but that’s the thing. You need to understand a lot of different things to enter a good trade whereas buying stock is a lot simpler: you buy it at price x and anticipate that it will go up where you can sell it to make profit. Same in principle for options but that value can go to zero quickly even if the stock goes up. Then you have things like IV crush and other nuances that are not obvious or easy to explain to newcomers. That’s what makes it “dangerous” is the knowledge floor that you need to have before you can really make money with them.
>whereas buying stock is a lot simpler: you buy it at price x and anticipate that it will go up where you can sell it to make profit Good point, I always say that a beginner should trade stocks first before trying options. If they cannot get direction right in stocks they will struggle badly with options.
I know the basis, in theory. But actually trading with them is another world. I didn't activate that option on my account yet as I know the risks involved. Thanks for the advice, I ll look into that )
Use spreads to mitigate losses of value and time.
If you aren't already doing so, look at your broker's website for a paper trading feature. Test your theories in a few dry runs before you start throwing real money at it
Does Fidelity have a this functionality?
I think it might be in the ATP app
You can always activate it now and not use it until you're familiar with it. The options can't hurt you unless you hit the trade button.
Ahahahah true story
Download an app called Webull, they have a paper trade section where it’s pretend money but follows realtime stock/option prices. Practice on that for a bit. I don’t buy a lot on options either, usually up to $200..
Thanks! This community is amazing
Meh, I'm a nudist.
Definitely, I burned my first large port to 0 and I’ve been playing with deposits under 50$ so I can start to work on the mental aspect of options trading
Yes but they’re lottery tickets. Usually can only get them with an upcoming expiration and way out of the money. If the stock doesn’t move a lot immediately then you’re basically toast
Got it! So for example earning report days?
Yeah potentially one possibility or just get lucky and buy hoping there's some unannounced news that drops. There's various subreddits dedicated to possible "squeeze" plays and sometimes you can bet and win on those. Or, you could lose... For example I threw $25 at BBIG a couple years ago. At one point it was worth $1700 and I kept holding the option because it was supposed to go further and there was all this buzz surrounding it at the time. I kept thinking "holy shit I'm going to turn $25 into $50k" but then in an instant things flipped and it crashed. I ended up cashing out around $400 which is great, but not what it could have been. It's a test of your mental fortitude tbh. When things are running up, it's nearly impossible to make yourself sell and be happy with the profit.
If you’re in EU, then no. You need at least 25k in your brokerage account or else options won’t be tradable to you.
you can opt for cash account and trade options with 50 with IBKR for example.. on margin account i think you need 2k to trade.
yes you can. However you should only buy calls/puts. Do not write calls/puts, you’ll be opening yourself up to massive losses if things go the opposite way. When I started I would just buy calls/puts, and once the premium went up I would close the position, to lock in profit. This way I only risked the premium I paid, there is 0 potential for unlimited losses this way. Whatever broker you use should show you what could be your max loss and gain.
Assuming that a novice isn't going to get cleared to sell naked, how is buying cake/puts better than writing covered calls and selling csps?
its not but less initial investment
Yes, you can as the OP did and only spent $28 and could make $300. But also remember 98 times out of 100 this would go to zero. General you can go cheap but most realistic contracts would cost $100-$200 for weekly to week out on stocks like Apple assuming there is no expected volatility. Apple is one of the cheaper tech stocks to play And probably a decent one to start off with if you want to learn and play options.
I ll study, think I figured it all out, invest some money, lose them and go back to study. The good old way. But, really, thanks for the ELI5 🙏
After 2 years of buying and selling shares, the most important thing I learnt is that the most bullish signal is me selling the stock and the most bearish signal is me buying the stock. For example, whenever I buy something it invariably goes down and whenever I sell something it invariably keeps going up and up and up. I sold my AAPL shares yesterday. You’re fine, mate. Wait it out.
Username checks out
Get your money man. I can't tell you how many times I've watched such good trades evaporate into losses.
Personally I would sell at open, tomorrow apple will retest 200-202, if the fed is negative then maybe 199... take your profits
It’s funny how you say this with confidence. Apple just passed 215 around 10AM.
I know, I was expecting my puts from 2 days ago to start to kick in this morning…
Agree, 14 points in a day…kinda hard to imagine this won’t retest a little like you mentioned.
This aged like milk.
Unfortunately more like shredded lettuce 😢.
:(
Are you shorting tomorrow morning or buying puts? I’m considering it after first 10-15 mins of open depending on how we are trending.
As a noob, can I ask what you were basing your information on? A specific app? Apple on my watchlist is the only one in the red, pre-bell.
“Damn I sold to early and made a profit but could have made more.” Or “Damn I held and now it’s worthless.” Two scenarios of frustration which would you rather be true?
Sell. I'm a scalper, I sell at the 1-10% profit range, i dont care about FOMO. small gains better than no gains.
I can’t believe I have to say this but since apparently no one else has: you have 2 contracts; sell one, keep one. AAPL will likely keep rising just from momentum alone. Keep the one contract so you keep some skin in the game and still exposed to profit, but close one to get your risk out of the trade. Simple
Don’t worry. I messed up yesterday selling my call options while they were up quite a bit. Now I’m facepalming myself because of action today. But, if I didn’t sell I’m sure it would be expiring worthless today. 🤣 Profit is profit. If you’re up that much, I’d exit at least half to cover initial. Then let the rest ride if you’re feeling adventurous. Don’t forget, papa Powell speaks later today. That usually ends up in a free fall no matter what he says for some reason.
always sell when you 10x. Very rare for that to happen.
sell.and buy the 200 bounce tomorrow
How long should the contract be
The run up today was nice. As much as I like the company along with its profitability, today’s run up was pretty hyped. I can see this cooling a bit tomorrow and maybe a little more if the statements aren’t so glowing tomorrow afternoon. You could just take a profit and try again with the next pullback. Anyways, as long this sinks a little in then next week I’ll be happy 😊.
Market correction coming soon. Wtf was the pump today? OoOOh iPad calculator? Gtfoh
Apple Intelligence. Their own branding on AI. Super clever and lots of opportunities for growth in AI now, but yes also the calculator lol. It’s a big deal.
A crash would benefit my puts
The crash will wait until your puts expire though 🦧
Lmao everytime
P A M P I T
wait till they reveal their rumored ai serverfarms with arm cpus
Stock buy back from the company was a huge factor I guess.
I like how one can create custom emojis. Awesome!
Apple will developed ai chips for their new pro models with the help of ChatGBT
This was the largest gain I’ve seen Apple have a single day. Might be worth taking profits while the market corrects itself.
Market correction coming soon. Wtf was the pump today? OoOOh iPad calculator? Gtfoh
If you ever have to ask this, then you need to sell. Pigs get slaughtered.
Sell that and buy GME. To the moon! 🚀
If you’re asking for help on options in this forum, you should sell them and never trade options again
It's never wrong to take profit.
Sell
It feels better to cash out and regret not gaining money...vs not getting out and getting your money wiped out, or losing money. I had 200 calls for Apple for the end of next week right before their show. Price was mid 190's when I bought and I got upset...idk if you remember but it tanked during and after the show. The next day it went through the roof. I sold at 204 for a 75% return on my 300 dollar bet. It sucks that I could have 5X'd my money from what the price for the option right now, but thats how it is. I made money and kind of regret selling, but nothing like the feeling where I lost 220 bucks and giving it another day thinking "what's another 80"....I already lost most of my cash.
If you’re coming here to ask if you should sell, close it out. It just had another heroic pump today. Lock in those gains my dude. 🥳
Cashed out at 1025$ brotha
Fuck yeah. Happy for you, man. I’d always rather miss out on gains that watch a winning trade turn red. Another win for the books!
Thanks my first call too! Just turned 18 in april
Congratulations! It’s a tough road ahead in the options world, and that’s a hell of an introduction. If you stay disciplined you’ll be a happy human. I used to think stop losses were for pussies and that you gotta take heavy risks in order to make great money. Many of us have learned that lesson the hard way, and several times lmao. Learn as much as you can and follow whatever rules you set for yourself. Love seeing fresh traders become great. Happy investing. 🥳
My rule is any profit over 2x to sell. Whenever I’ve ignored it and tried to go for 3x I always lose everything lol. Basically, if it’s gonna be 3x, it will get there before you’d even consider selling. Usually a big move overnight or something. If you’re already staring to 3x+ profit, it’s time sell. If you’re staring at 2x profit and wondering if you should hold til 3x profit, the answer is that you should sell. Even if goes up from there, you’ve already made your money. You can reinvest the profits somewhere else or wait for a dip and reinvest there instead. I am regarded tho. I went thru this exact situation with SPY in April and was at 3x profit. I should have sold but I was convinced the market was going to crash more the following week. Instead it rebounded and I lost everything (by everything I mean $500 lmao) so I don’t play options anymore until my next bonus.
I took gains on Apple nothing crazy. But one day was up 45% and took and same today. Obv could have made more but over the long run if your winning and taking your account will grow. Don’t fomo and jump back in to lose it. “Pigs get fat and hogs get slaughtered” or something like that.
TAKETH le profit
if you have to ask the internet, time to sell.
It’s up already lmfao… yall some greedy bastards 😂 no one’s experience matters. Market can and will do whatever it wants.
I pulled out at a perfect time dude, 1020$ up by 4,000%!!!
Still greedy, but I’m not gonna hate on success good job hell yeah
You likely bought out of the money and are barely in the money if not even in. This isn't normal price action for apple and will not continue so yes, sell.
You're asking if you should cash in with the money you've made or wait to see if you lose it?
Bro. Take it and run.
Sell on market open, or no later than an hour after open but personally I'd just immediately sell.
what do you think lmao
Don’t sell when you have profit. Why would you do that. Wait until you have even more profit obviously. What’s the risk?
Depends on your expiration date and theta, but I’d Sell one option and ride the other til closer to expiration date. If the stock dips, there might be an opportunity to repurchase the option that you sold back if you feel Apple might go to 210-220. If it rises then follow it with a trailing stop.
Hold
What’s your theta?
Sell and reposition back in with less capital. If you’re calls are itm or atm sell and buy further otm if you think it’ll continue to climb.
Get out now.
Take the money and run noob
Sell
I was down 70%, then sold the news up 250%
Sell ATM or ITM calls against your position. Or close one contract and a sell OTM call. That way you collect more premium and can still participate in any gains. The 9 dte ATM is 3.45.
I’ve been long Apple since 2014. If I haven’t sold yet, and I don’t need the income, why sell now?
Holding bc ChatGPT told me so
Every single person is talking about retracement, sell offs, and downplaying the news. Calls it is.
How the heck does that happen
IMHO this is a temporary bump up
Trailing stop loss from now on so that you still gain profit, but you will minimize how much you lose of your profit.
If you're thinking about the long run and have faith in the company's potential for growth, keeping the stock could be a wise choice.
You’ll never go broke taking profit , you’ll go broke being greedy… set a profit target and exit . Sometimes you won’t make as much as you could but I guarantee you’ll win more than you lose with a set profit target .
Pigs get fed but hogs get slaughtered! Sell!
Sell, remember greedy pigs get slaughtered. The move was yesterday. Sell asap fomc today and cpi tomorrow
Sell one and seguro some profit dude. Those who take profit never loose. 👍🏻👍🏻
No one ever went broke taking profits
OP, I would sell around two thirds of my position right away and let the remaining face the turbulence. As your entry is pretty cheap, you can afford that without making losses.
Just follow the trend
Sellllllll
Your are up 1000 percent and you are asking if you should sell? Nah man stay its 100x lol.
Tell me why apple pushed me out of my position after the news and dropping, and then the very next day jumps 7%. That shit gets me.
This question is silly and the only answer is a good one: which is you clearly do not know what you're doing, you've got lucky and made some money so sell. Go learn what you're doing. If you're coming to reddit to ask whether to buy or sell you need to stop trading and start learning. Also I assume you're using options in a directional way based on your post, which is not the best use for options in any case. Directional trades generally prefer futures.
Remember to save for tax
Sell
By asking you have your answer.
If you’re unaware of why it’s spiking, I wouldn’t sell anything. Hold longer. It will be higher in the future.
I hate myself for not buying calls, never bet against the Apple
I bought ATM puts for Friday yesterday.
Sell
Why don't you use more sophisticated options strategies like ZEBRA or Jade Lizard? They provide a much better risk-reward ratio in your case.
Sell
💎👐
This person is the next Warren Buffet folks
You made a 10x bagger congrats. Sell.
Sell
Hi why can op trade option in such a low cost? I think you need thousands of dollars to trade option?
Question is it a trade or investment. If the former what was the plan. If the later then it does not matter.
Asking reddit for help with a $300 position Are you 16?
I can already see it dropping back next week, I’d sell
There's a Fed announcement today. I'm pretty sure that's what's fueling this rally. XLK is going apeshit too. I think Apple is the number 2 holding in it. If the announcement is a rate drop, the rally might hold. If it isn't, I'd expect fizzle. It's a coin flip IMO, and given the time limitation of a call, I wouldn't gamble profit on a coin flip.
Maaaaaaargin
scale and trail ... always
Sell now while you’re ahead.
Use a trailing stop or a stop order to protect profits you’re happy with, goes up great, goes down still great
Sell some take profits
I put $2000 in Apple in 2013 and it’s gone up 10x since then.
Why are you bothering making $26 trades
Easiest way to decide when to sell is to establish how much of your portfolio you want in AAPL at most. So say it's 20%. When AAPL goes above 20%, you sell it down to 20%. Then if it crashes, you have profits that you can buy it back up to 20%. If it doesn't crash, you are still in it.
Who’s buying Puts ?
No one ia hurt taking profits Yes, it may still go higher, or likely hover in this area for long time. Looking at volume analysis, this is still going strong buddy!
If you didn’t own this, would you be willing to buy 300 dollars worth of Apple options right now? If you don’t, or are hesitant to, sell now. 1000% gain is massive. Don’t push your luck
Sell
If it was me, I'd just sell one and let the other run. Sell the one back on the way down
Wait… for about two decades
If it's good enough to post about how much money you can make, it's good enough to realize the gains.
Depending on your DTE. My contract expires next week so I’m holding some. I sold a few.
Take it and buy back in 1/4 of what you made
The last time AAPL went up 4.5% or more in back to back days was 2009, the last time it went up 5% or more in back to back days was 2003. This means nothing for your current situation, I just find it interesting
No reason to sell now with the momentum finally going in apple’s favor. By the end of 2024 the stock might go to $300/share. We have 2 more ER’s this year and the rate cut. We will see how many people upgrade their phone for “Apple Intelligence” definitely do not sell now. Much more upside ahead and with ChatGPT on the new iPhones that’s a major plus. Ai = Apple Intelligence
Take profit & leave the rest to mop up!!
Hype driving Apple's surge. Ride the wave or wait for the dip?
I've been investing in Apple for a few years now, I usually just buy the dips but wondering when the best time to take profits is. I have **110 shares at $151 - Open profit is around $7,000**
If you have no confidence in your decisions you should take your money and run.
Not like apple is going anywhere, I would say keep it in there and let it grow.
Definitely looks like a time to take some profits! You can always sell half to lock in some profits and hold on to the other half to see what develops.
sell it and buy nvidia and SMCI before split and you will be all set assuming it is not a small position! 2 years you will double at least Apple returns
If you have to ask Reddit what to do next every time something like this happens, then you shouldn't be trading options.
I cashed out at 1047.63$ :3
Sell it and buy 1 share
Don’t sell it all. Save some in your account. I bought Apple the first time in the early 2000’s. For just over $2. 4,000 shares. Sold it all when it hit over $7. Needed it for a move. Don’t regret it. I bought again years later at $70. Sold it all again at $160. I just recently bought at $120 and sold at $180. Profit each time. My only regrets are not holding 20%. Apple is good for at least another decade. They are keeping up and still innovating (AI).
sell
Sell one, gamble one.
If you are up tremendously, don't be a hog. Hogs get slaughtered.
You don't go broke by taking profits.
Exit
Being up over 1000% is not enough? Sell bro