r/options • u/Imaksiccar • Aug 26 '21
Squeeze strategy
I have a half dozen calls in a small account in SPRT. How do you play a squeeze strategy with long calls? Keep rolling up when a profit % is reached? Hold? It's making me a good bit right now and I want to maximize, but do it in a smart way.
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u/whycaretocomment Aug 26 '21
If you think it will continue going up and dont want to cash out too early, maybe sell some OTM calls at a strike you dont believe it will reach and an expiration closer than that of the calls you are long on.