For a new member, do you still recommend entering recent open positions?
There are two factors to consider in this question:
- How far away is the option price from the recommended buy price? If the option is in the red, meaning we have a paper loss, there could be an opportunity but that opportunity would be at a lower strike-price, since that would give you a greater chance to profit.Conversely, if the options price is well above the recommended price, then theres probably no reason to buy the option Jeff has recommended because the price will be more expensive and your returns will be limited.
How long do we have until the option expires? If we have just a few weeks left say, less than a month wed probably not recommend you buy. If we have longer, then the option could still be a good position to own, so long as you apply the first factor above.