1️⃣ Why am I making this trade now?
Closing the sell call for 0.01. Probably not worth it as its way out of the money and likely to expire anyway. But i prefer to do it as the strike of the call is way lower than what i have purchased the shares for previously at 250. I would rather pay pennies in case volatility cause this to gain higher in the coming few days to expiry. Flipped a coin and result was to close lol.
2️⃣ What's my plan from here?
Depending on how the movement goes from here, will open another covered call to gain back the loss i have on the underlying shares in holding. And it also frees up the obligation needed. Looking to sell off these shares anyway.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.01 1Lot(s) | +99.33% Closed |
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- William85·10-06 08:42This close is more about clearing the obligation and freeing capital for the next covered call. At 0.01 the PnL barely matters, the flexibility doesLikeReport
- Deposit·10-06 09:19👍LikeReport