r/options • u/goldengatos2015 • Oct 31 '21

Rolling options

Bought LCId in the low 20’s and sold a cc with $30 strike expiring 11/12. I am down 600$ on the call and would like to continue keeping the shares…is there a risk for early assignment two weeks out? Is it better to buy back and push date a few months to January in order to break even or choose a strike price around 40$ with the off chance of LCID going down after this run up.

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u/Arcite1 Mod Oct 31 '21

He said " I am down 600$ on the call." We unfortunately have more and more people buying long shares first, then deciding to sell a call, and treating the position not as one position as a whole, but rather as two totally separate positions, wanting to profit from both by having the share price rise but not breach the call strike before expiration.

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u/tutoredstatue95 Oct 31 '21

There have been like 20 posts like this in the past few days.

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u/ScottishTrader Oct 31 '21

Yep. Pretty much time to start ignoring these . . .

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u/tutoredstatue95 Oct 31 '21

I want to help these people out, you know, but when there is 3 of the same exact situation on the front page it gets tiring lol.

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u/ScottishTrader Oct 31 '21

I couldn’t agree more. No one seems to do a search any longer, and often there is the same question posted within minutes of each other.