Bought my first option contract a few weeks back (CRM $230c 4/9, $3.00) Kind of a shadow trade from discussions here but I generally thought there was hope with crm being back to price level pre slack acquisition news. Anyways I’m bleeding a bit, currently at $1.09. Can I get opinions on best way to exit with minimal losses here? HODL?

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You have plenty of options for what to do. It depends on how much you think the option value will turn around. You could buy a put contract as a hedge against the call contract. Your best bet though is probably just to sell the contract and take the loss.

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Lol I put 25k on them for earnings. Luckily I got shares but wasn’t expecting it to be a long term play

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Looks/feels weak along with all of QQQ. Prob sell. Might be right might be wrong but you gotta make a decision based on logic and live with it. I was buying into SPLK a few times waiting for a turn but QQQ was bleh and I took my L. Market is NOT where it was last year so be more selective/short leash on trades. I'm expecting QQQ to hit 310/311 and then maybe an inverse head and shoulders back up. That might be your hold/sell trigger. Maybe even hold and consider averaging down on a 310 tap.

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