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| User Info | Option Question - How do I lock my profit?; entered at 2007-12-02 10:20:43 | |||
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Dvs112 Posts: 139 Registered: 2007-08-17 
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I work for Investment Bank (Tech Side) I have a mandatory 30 day holding period for all securities that I purchase i.e. I cannot sell any position unless I have held it in my portfolio for atleast 30 days. Last week I bought April FRE 35 Calls when the stock was trading at 25. I did not expect such a massive move so quickly (stock closed at 35, thanks Mtgspy). I will like to sell the call but cannot due to the 30 day holding period. Is there any way, I can lock in my profit? I was thinking about purchasing Apr 35 Puts to hedge my position. That way if the stock moves in either direction till the 30 day holding period is over, my current profits are protected. Any one more experienced with Options has a better idea? Thanks in advance Last modified: 2007-12-02 10:22:02 by dvs112 | |||