Q: Good afternoon 5i
I know you sell covered call options and so this question is related that. I have several covered calls coming due on April 19. I notice that I already have a profit of 75per cent. I have considered buying back the calls now and pocketing that profit and immediately selling another covered call, once again, for about a month out. I was wondering whether you ever do this, and if so, under what circumstances? Or, do you generally just let it ride to the date? When i look at things now, prices may be rising in the next while, and i might lose out on that profit if I wait.
Thanks for your great service
I know you sell covered call options and so this question is related that. I have several covered calls coming due on April 19. I notice that I already have a profit of 75per cent. I have considered buying back the calls now and pocketing that profit and immediately selling another covered call, once again, for about a month out. I was wondering whether you ever do this, and if so, under what circumstances? Or, do you generally just let it ride to the date? When i look at things now, prices may be rising in the next while, and i might lose out on that profit if I wait.
Thanks for your great service