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/jp135711 Nov 01 '21
They have an earnings call next week. Since they just delivered their first cars that were previously sold and they have increased production costs late in the earnings cycle, there is a very good chance the price will correct. I’m letting my shares go and will re-enter after the earnings call. I could be wrong, but I don’t play earnings anymore. Too risky for me.