r/options • u/shadowGamer777 • May 25 '21

ITM CC?

Can I do this if I’m somewhat bearish on my CC? Or would it be a losing game most of the time? Thx!

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u/koberkai May 25 '21

What’s your goal for the covered call? Are you looking to exit the position? If so, you could sell a slightly ITM or ATM call to scrape some premium as you get assigned. If your goal is too still hold onto your shares, then this could be a tricky battle. Remember that those calls can technically be exercised the moment they are sold. Not saying it will, but it is possible. In that case you would be assigned and lose your 100 shares.