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Loser but why?
Yesterday I bought 100 september 195 calls of GLD @ .10c ($1000.00) held overnight and this am the stock was up 1.23 BUT my CALL option lost $735.00 down fro .10c to less tham .4c the put lost .92c per share last look.
Can anyone tell me how the heck you can lose this money? I think the point of a CALL is that when the stock moves up ypur option should move up yet I lost nearly 80 of my investment. Yes I sold but the calls are still down right now so what gives? :thumpdown::s::x
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