Noob Safe Haven Thread | Oct 14-20 2019

Yesterday I purchased an SPX 2985 call @ $4.20 expiring tomorrow (Oct 16).

Shortly after we broke to a new high of the day (for the second time) with little follow through, I purchased an SPX 2995 put for $5.30... I know I could have taken a nice profit but I feel tomorrow will be a volatile day with with a number of reports coming out in the morning (hopefully bullish).

My thought process is that worst case scenario I profit $50 off the two contracts if we close between 2985-2995 and give up about $1,500 in potential gains had I sold my original call at $20 today when we were running hard.

Just curious if there's something that I'm missing or I should have done differently.

/r/options Thread