Yesterday before the market opened, I placed limit orders for calls at 358 and 350, forgetting to calculate the premium, and ended up buying one at 354. Today before the market opened, I just set a random price and sold it.
Made a little profit, which corresponds to reducing 7200 in margin financing.
Equivalent to reducing it without any loss.
With such a strong rebound today, one might think any further action is a bit redundant 🤔
But right now I'm only thinking about controlling risk. If it can reach 380 next week, I'd rather raise my cost basis and reduce all my margin financing.
$Microsoft(MSFT.US)
First, place a long call corresponding to the stock price of 358. 🤔
If buying, it would mean cutting some of the underlying stock and reducing some leverage,
enough to buy two more at 350 and 340.
If it reaches 380 before August 1st, it won't be a loss. 🤔
Although worried it might still go down, can't predict, can only respond.
Back to work. 💪
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