NW-Bound
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Jul 3, 2008
- Messages
- 35,712
I just closed out several of my covered call options. Bought them back for a few pennies per share. The market is rebounding, yet the chance of the stocks going above the strike price is not that good, hence reflected in the price of the options. If I held till expiration in a few weeks I would make a few more bucks (meaning not having to pay the pennies), but it is not worth it. The market may even go crazy up, and I may have to sell some shares too.
So, I closed them out to book the gains, and freed up the stocks to write new call options whenever I feel like it.
So, I closed them out to book the gains, and freed up the stocks to write new call options whenever I feel like it.