Hi, I have traded (gambled) and won pretty big the last couple of months on weekly options. I decided I used too much time on it and then bought some longer out calls and instead try to just use a few hours a week on swing trading instead.
I used a big portion of gains on what I would consider "safe" options going for a 10% win. This was AMZN 250c for March and META 640c for April. I usually trade small positions on low time options and this is my first longer dated positions outside of asts.
The positions are down 25% both and I see now I sized too high but I would like to have second opinion on if I should cut my losses or wait it out. For Meta my idea was a earnings play and for AMZN it looked at the time like a breakthrough to +250 but that was a total fail. There is still a lot of time on these but also they are now far otm. If it were a weekly I would have sold the moment the trend changed but I understand the timings are different on these.
What do you think?