Just curious what most people do with the following CC's:
NVDA 09/20/2024 140.00 C : current value 98.75%
NVDA 11/15/2024 135.00 C : current value 78.32%
I know some people will let them expire, but I'm thinking since there are still 15 days left on the one that it would be better to close it and open another position sometime in the next few trading day.
I will roll out and up to avoid assignment if my CCs are above the strike price at or near exp.
For the Nov 15th CC. It was one I had to roll out and up at the end of Aug. Currently it's sitting at about $200 profit including the cost of rolling the previous position. It has the potential of another $210ish if I let it ride and it expires.
I'm on the fence about closing the Nov 15th option as well and taking the profits, then looking for the next move, but am curious what others usually do.
Posted by _Tech_Junkie_1
2 Comments
You can close and reopen anytime you wish. With these nearing the max profit it may make sense to close and open new ones with room to make more gains. Just remember that this stock can move a lot and fast, so be sure whatever strike you choose you will be good selling the shares at . . .
If you have enough profit that you’re posting “what do I do?” on Reddit, you take the profit.