Financial: Sold my FB 20 Jan 2014 option

Sold my FB 20 Jan 2014 option for 8.75 on 4/11. Considering I bought it for 7 that’s a nice ~23% gain in about 3 weeks.

Reasons for sale:

  • Short term trade
  • gain was too quick for the time frame + fb phone helped pushed it higher
  • first option trade and wanted to lock in gain
  • little confidence in the market

It’s pretty crazy how volatile FB is and how big the swings are on FB. Might get back in it if it drops back down.

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