Help me, I can't get out. Once again, I look like a rookie with my AAPL options call. Early again. Trying to anticipate the upturn out of the bull flag while the stock obviously still has more work to do.So I am stuck with serious losses on my AAPL options as result of trading hope and not facts. What to do? Good question. The chart still has the same pattern with $125.00 as the new breakout point on volume, but what would be the catalyst to get that positive inflow?
At this point, I am going to hold on and try to be patient. The mistake has already been made. I am not afraid of taking the loss, but can afford to hold. Buying Mar135's at $0.60 today still looks like a good trade. I also picked up some Mar125's. We shall see.
On other news, GRMN has broken support as it undergoes a "sell-the-news" period. Consumer stocks are just getting crushed. It is an investment and I am holding for now. I don't need the money elsewhere and I see the investment paying off.
ANSS is rebounding well. Keep an eye on that stock. It is my number one play at the moment.
My TIE puts position is also underwater. News should be out on Friday (earnings) that is the reason for the trade.
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