Hey all,

    I have 500 shares of LUNR. I expected the stock to rise but didn’t expect its jump today (it had normalized some in AH). Regardless, I had sold 5 CCs at 5.57 at strike of 6.5 for $125 profit. I also bought 4 puts at a strike of 8 when the stock was around 8.47 or so for $320.

    The stock currently sits at around 7.47, not surprising with its recent movements these last couple months.

    I was wondering as someone who is unsure how to manage this position, would it ever make sense to buy the calls back and exercise those puts if it dropped back to 6.5?

    I should also mention I’m not attached to the shares and am happy closing the puts and letting these get called away, but want to know if I can possibly swing more profit.

    Thanks!

    Exercising puts
    byu/Legitdrew88 inoptions



    Posted by Legitdrew88

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