If i sell a binary for 80 or 70 and buy it at 20 or 30 i know im only risking $20.00 - $30.00 but is their a way to still cut your losses shorter then taking the $20, $30 loss
Risk Management
darrell
#2
You can sell at 80 and buy back at 90 i guess… but you will incur the exit fee (.90 versus expire otm no fee) and remove the ability for it to move against you and then come back by expiration…
Also you are selling OTM you are actually increasing your probability of loosing (ie 80 sell is 20% probability of expiring ITM etc…) so you need to have a plan down… check out boomerang course to get you going 