Yes, that's an area I'm still working on. I haven't found an effective way to manage risk with options yet without basically eliminating a large part of the high gains they generate.Originally posted by themack89
Win some lose some its part of the game.
But, if this is a really big loss for you, then I'd say you aren't managing your risk properly. Getting pinched for an uncomfortably large % on a position that expires is a mistake I only had to make once.
It sounds like you may know a thing or too though. Do you mind sharing how you would've played it? I know the general rules: diversify, stop limits but what I'm really interested in is the optimal way to repair a rapidly failed trade such as the one I had today.