Sold 3x 7Jun40C GME covered calls when IV was high earlier this week. Now I only have 340 shares with an average of 22$ and price is now around 40$ but I would like to have as much as possible left after tomorrow (hoping it closes below 40). Do I just let them ride? Or sell some shares and try to buy to close? (doesn't seems like ideal given the contracts currently cost 5.10, unless it dips significantly and they get way cheaper?).
Also, RK will be live streaming tomorrow at noon, pretty sure the stock will either continue its uptrend or crash the fuck down
Posted by will6100
3 Comments
I wish I knew. Your call buddy.
Certainly is a weird situation, I had to roll some short calls (on a vertical spread) up and out twice today, next weeks IV on them is crazy 600% at the 100 strike
History is in the making the next two weeks. You just need to be sure you have a play in hand. Also, I think the stream is @11am.