Seeking advice! Im new investing about 2 weeks. I hold options in Qihoo Jan 13 @ $29. Any advice on how long to hold on without taking ownership of the stock.Obviously I want to maximize profit. This is my 2nd option contract I've bought so Im trying to learn
Hey willclim1...information given is incomplete/inaccurate. 1. Jan.13 Call Options = no such expiration date. You will then write back ... "I mean't Jan.18."
A "seeker of advice" as a new investor ... student ought to have all details accurate/double checked.
2. You imply that the January Call options were bought 2 weeks ago. Correct? If so, the options are "in the money," with profit to take. Are you not happy with the profit given you so far by Mr.Market? If so, then the logical advice is to lock in profits. What you do with profits ... is ... your Call.
3. For a "new investor" asking advice on these message boards will likely prove to be . . . "Very Expensive Education !!"