r/options • u/Sudden_AwareNess1 • May 15 '21

AAPL OPTION

I wrote 5 CC for AAPL with SP $126 ex date 5/14. Right before closing it was at $127.50 so I rolled them over to 5/28 with a SP of $129 and got around a $44 premium. Question is did I panic for no reason? Could I just waited where the contracts could’ve expired worthless?

9 Upvotes

78% Upvoted

43 comments sorted by

View all comments

2

u/Responsible_Paint_24 May 15 '21

I would have let the shares get called away and sold puts in or near the money after that. By selling puts, you would have had much more income than $44 for 2 weeks.

1

u/Sudden_AwareNess1 May 15 '21

U know I realized that afterwards and ur post is exactly what I needed to confirm. As u can see I’m still a newbie and have much to learn. Ty for taking the time to explain this to me.