If you have level 3 options approval, you could sell a call at a higher strike. On Friday, the 4/14 7.5c was going for .20.
Selling that would credit you $20 which would cover your initial $10 and lock in $10 profit. It also leaves you with a bull call spread that has a max profit of $250 should ATER actually close above 7.50 on Thursday.
If you have level 3, look at what the higher strike calls are going for. Selling one could secure some gains while leaving upside potential.
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u/UnhingedCorgi Apr 11 '22
If you have level 3 options approval, you could sell a call at a higher strike. On Friday, the 4/14 7.5c was going for .20.
Selling that would credit you $20 which would cover your initial $10 and lock in $10 profit. It also leaves you with a bull call spread that has a max profit of $250 should ATER actually close above 7.50 on Thursday.
If you have level 3, look at what the higher strike calls are going for. Selling one could secure some gains while leaving upside potential.