Switching from "In the money" to "Out of the money" option?
Posted: Wed Jan 20, 2016 6:32 am
If current stock price is $90 and I long CALL at strike price $100 for 10 contracts, when stock price goes up to $102, I want to switch strike price from $100 to $110 by exiting CALL@100 for 10 contracts and long CALL@110, but I get no idea on how many contacts I should long CALL@$110, should I long 10 contacts CALL@110? because I exit 10 contact CALL@100.
Does anyone have any suggestions on how to determine the number of contact CALL@110?
Thanks in advance for any suggestions
Does anyone have any suggestions on how to determine the number of contact CALL@110?
Thanks in advance for any suggestions