Getting back to even isn’t a win, but it’s best we exit this position.
By exiting we can use our capital for a better opportunity.
- Sell-to-close the Huntington Bancshares Inc (NASDAQ: HBAN) May 15, 2020, $8 call (HBAN200515C00008000) at the market.
Closing this trade right now will scratch this position.
Here’s what to do…
Action to Take:
- In your brokerage account, locate the HBAN May 15, 2020, $8 call:
- Locate the options in your portfolio with the ticker: HBAN.
- The symbol is HBAN200515C00008000.
- Select how many contracts you want to sell.
- Once you have the right contract, click “sell to close.”
- Choose the “market.”
- Then click "sell" to transmit the order.
You can also call your broker and say, "I want to sell to close HBAN May 15, 2020, $8 call at the market."
We took our shot, but we didn’t profit as we expected.
We’ll get them on the next one.