I have been trading options for about 3 months with moderate success and upon getting alittle excited about my trading I broke every rule you should never break and now find myself in a whole world of you know what. However, upon doing alittle surfing on the net I stumbled across this site and have been perplexed by the wealth of knowledge in these threads. Therefore, I would value any feedback in relation to my present problem below:
I paid a considerable amount for a call that was ATM but is now very much OTM with 9 days left, little premium and does'nt look like making up ground.
Does anyone have any suggestions?