Sold Covered Calls now Deep ITM—what to do? via /r/wallstreetbets #stocks #wallstreetbets #investing


Sold Covered Calls now Deep ITM—what to do?

Hi WSB, I have covered calls set up with strategy roller. Earnings was this week, usually I don’t sell calls during earnings week to avoid volatility but I missed the news. There was a pop after earnings, now I’m down like $100k. FML.

Should I just roll out a week at a higher price or is there a better strategy here to recoup?

Edit: for clarification, I don’t want to sell the shares. So I think I’ll have to buy calls to cover my open position and realize the loss. Unless you’ve got other ideas?

Submitted August 03, 2022 at 08:33PM by el_tepiteno
via reddit https://ift.tt/1Vb5dxg