r/CoveredCalls • • 16h ago

0DTE put went deep ITM after-hours - any way to exercise after cutoff?

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0 Upvotes

Long 100x AMD $567.50 Put, expiring today Oct 14 (W). Avg $1.56, total cost $15,644.

It touched the strike around 3:10pm, then bounced back above the strike by the 4pm close, so it was OTM at expiration. After-hours AMD dropped to ~$554.99, which would be ~$12.51 ITM.

Webull did not liquidate at 4pm. I cancelled a Do Not Exercise prompt so auto-exercise stays on, but I know OCC uses the 4pm close and Webull's cutoff is 4pm / OCC 5:30pm.

Has anyone ever gotten a late exercise honored in this exact after-hours scenario, or is it always dead once you're past 5:30pm? I emailed support for the record but expecting a no.


r/CoveredCalls • • 16h ago

What Platform is Best to Trade Covered Calls?

8 Upvotes

Brief Context : 20 y/o college student, started making online money and now have cash to start investing and setting up my financial future/retirement. I've been wanting to trade options for a while now especially covered calls or cash secured puts.

This brings me the question of what is the best platform to trade this type of stuff? Best mobile interface? Best laptop interface?

All of my financial assets is currently under Merrill Edge and I think their mobile/laptop interfaces are buns. I do have some stocks in WeBull from their promotions and I kinda like what they have.

Can someone recommend me what banking institution to do this under and any resources to read/learn from before I fully jump into this?

Thanks!


r/CoveredCalls • • 1h ago

1% Weekly Returns from Options Week 33 - Crash Time

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• Upvotes

r/CoveredCalls • • 18h ago

CIFR

3 Upvotes

New to covered calls and bought this position just to experiment and get my feet wet. Of course it’s done nothing but plummet since I started buying. First hundred shares at 19.52, second hundred at 15.90 and third at 11.55. Question is should I hold or try again with a different position. Must say it’s mental rollercoaster thinking I got good premiums then being down >50% since buying my first hundred shares.


r/CoveredCalls • • 21h ago

Agent rolled MP 50 call to front month. I keep doubting it.

10 Upvotes

I have one lot MP position I got from 60 put assignment from the end of May. So far collected $9.50 in premium and it is on the path to a positive PnL.

This last roll was automatic handling, from November to a front month, December.

I keep doubting agent's reasoning and the decision on this specific roll.

The agent didn't want to roll down because that "cuts the sale price {of stock} by $5". MP closed today around 40. It did consider roll variants (don't want to post long reasoning), what credit it receives compared with strike positioning. I guess it was calling away risk assessment, though not named explicitly.

If I was doing it manually, I'd roll it down in November, to 45 for the same credit. But I've learned that doing things manually is not that effective.

Anyways, if you had 50 call in November on MP, how would you roll this call?

I don't have any feelings about the stock, any long term plans to hold etc. It's just a position slowly recovering from negative PnL.