telling 'fibs', page-15

Mikey,

That kind of trade works well in the sideway market or uptrend one where you get exercised on your stock and profit from your call....in uncertain market you would have been better off selling the call and buying the put.

Now you still take the call but stuck with your stock and on margin...and no stop loss?

We can never be too sure, you can buy put but NCM may bounce...it is nevertheless an insurance just incase it drops alot more.
Not an easy position to get out, but you made money on the call already so it has nothing to do with the option anymore it is more to do with buying NCM high and now it is lower.....now depends on your capital and risk profile

Can you hold, will you hold...or cut the loss and run, only
you know your situation best and can make the best decision
for yourself....in hindsight everything is easy.
No one knows where NCM will go short term so we can only do our best.

Stay safe,