Topworm,
You bought it at 78 yesterday and saying the SP may drop few cents. It did drop few cents today and you were out at 74C as 75C was broken..Why would you buy it when you were suspecting the SP may drop few cents in the first place ??emotional trading?
It was trading between 64 to 73C for weeks before breaking the 73C mark last week. No point to rush in ATM, wait for it to drop below 70C IMO.
