Vacation position management

xiaofengfeng

I will be on vacation next week, would like to hear from you how do you manage your positions for an one week vacation.

My plan is close some(80%) of my long position, leave a few my options.

I really appreciate if you could share your experience and suggestions.

TXK

I usually sell all my stock in the money or at the money before I leave. Then buy back after the vacation. Only once, I went to China with the Canadian government trade delegation for two-week business trip, and had no time to sell everything. This resulted in my Nortel stocks down from $60 to $40 when I got back. Now, it is worth only 10 cents. Fortunately, I just lost several thousand dollars in this regard. Sept. and Oct. are the two most down months in the history, so do not worry about commission fees to download as much as possible. Good luck and have nice vacation days.

jc200900

My plan is close some(80%) of my long position, leave a few my options.
xiaofengfeng 发表于 2009-8-29 13:05

Why持option度假? 积累time decay吗？

colderdown

i close them all.

xiaofengfeng

Thanks all for the reply. I closed my long position, and bought some just out of money cheap calls, the worst could happen is I lost the premium which is my way of "stop loss" and I could still catch some upside potential. One example is UAUA, I sold 1000 share UAUA and bought 10 Aug 7.5 calls at .2, if UAUA crashs, I lost the $200, that is equal to I set a stop lose at 6.35, if UAUA take off I will also make some profit.