Stomach the loss, get rewarded

Interesting day in the stock market, GE up after earnings. Buying a Call for $0.14 and selling at $0.65. With options though, everything is multiplied by 100 for every contract. Resulting in a $14 purchase and $65.00 sale, netting me $51.00. I may have to find my next options contract or two!

Sticking with CRON until lunch gained me all my losses from yesterday's sell off. Bought at $1.00 and sold at $1.19 for a net profit of $19.00. This contract was down to $0.72 at close yesterday, which was very nerve racking. I stuck with it though!

I phrase that has stuck with me is: "You really haven't lost anything until you sell it." Chances are it will likely go back up sometime from now, maybe not today or tomorrow.

I think I've been lucky thus far to be honest. I need to keep on my researching and learning to study charts. Robinhood has yet to let me do options spreads due to inexperience, I bought a put manually to cover CRON and sold it when I saw the price climb back up. Lost a little, gained a lot.

Have you thought about trying it yet! Get a free stock and do what you want with it! Yes, you could win an Apple stock currently worth ~$166!