quick question, so i bought a 3 monsanto options for $2.82. i did a call with the strike being at 115. It expires Sep14. Today those contracts are worth $4.35 per. Its about a $460.00 profit. Should i sell? Should i wait. Should i sell and then see what else is out there worth buying? Excuse me if i explained any of this wrong. I am still learning and trying to figure this stuff out as i go
If you think stock is moving higher then roll into a higher month (Oct options). There should be an option to do this with the broker you're trading with. This way, you can take your profits off the table, avoid time decay, and still roll into a higher month without selling and buying again. It's cheaper, and more convenient way to trade.