i will decide tomorrow.I have not sold any calls yet.
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i will decide tomorrow.I have not sold any calls yet.
Same here. Wish I had timed it like @euro2012. Perfect call pick and timing. Edit, alas, I slept in and missed the early action.I have not sold any calls yet.
excluding wanting to avoid earnings weeks or known catalysts, I look at the total theta of my position. When my short calls have dropped down under 1.00 value, I start looking to roll. This is part of why I mostly trade 2-3 weeks out options instead of weeklies, theta decay is more consistent and I think it's more profitable without having done the math.Not seeking advice, just opinions by people with more experience than me selling CC.
When sold CC's , close to expiration, have become almost worthless (<10% of selling price), do you:
A) buy them back, securing a profit;
B) roll them down, increasing potential profit;
C) let them expire to balance staying safe and maximizing profit on that specific CC.
In my case: I sold APR23 900c last week (and posted about it here) and that has worked out very well so far.
This week (yesterday at open) I sold APR23 830c which are <40% of what I sold them for.
I'm thinking of rolling down my 900c to 830c (same expiration) to squeeze out a little extra profit, but might as well let them all expire.
Thanks in advance for your point of view. I take full responsability for my actions etc etc.
In a 'normal' week I'd say you're fine, but I'm still expecting a pre-ER runup which IMO could easily run to $780.For Apr 23:
Sold CC -c760 (i may regret this)
IMO it's mainly because the day's low is already below your $700 strike price, i.e. your puts could likely end up ITM.Got paid $1500-1700 a contracts. Thats pretty nice this close to expiry.
That's why I closed my CC positions today with huge gains. If the stock rises greatly today or tomorrow I might sell some new CC's.
IMO it's mainly because the day's low is already below your $700 strike price, i.e. your puts could likely end up ITM.
Good luck though, I think $700 will hold. (but I'm not putting my money where my mouth is on that one )
OMFG, what have I done
At what point do you roll up and/or out? (How close to the strike price?)Too soon junior lol. I sold 770s 780s 790s when the stock was around $728 for this Friday and a few $805 CC's for 4/30 . Great timing as usual lol.
At what point do you roll up and/or out? (How close to the strike price?)
Well, we got the pop I was expecting but I was too chicken to jump back in. Decided to wait until morning and see what direction we're taking. I don't have the guts that others (e.g., @Lycanthrope, @bkp_duke) have for really aggressive CCs, but instead like to pick and choose my spots and hide behind big call walls, when possible. On the other hand, I have more guts on the sold put side and my 6 X $710 -P from Monday responded really well to today's price action.I closed my 40 x $805 calls (STO at $1.95 and BTC at $.39) and may look to resell assuming we get a sustained pop. I’ve been expecting one all week.