Already holding 4 leap calls. So selling 4 short term calls against it to collect some premium. If it shoots up so be it, probably gotta let go at 150.
However, at least im not losing time value at this point in time. For those who are still confused, can Google "poor man covered call" so that you have better explanation.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Sell Open | 1.48 4Lot(s) | -11.48% Holding |
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- mizzmo·09-29PMCC logic makes sense here. If VST is around 145 before expiry, the real swing is whether early assignment risk shows up before your long call captures enough extrinsic.1Report