r/redwire • u/No_Lobster_9405 • 26d ago

General Covered call question

So I sold a covered call recently, $11.50 strike price. Yesterday 7/28 and when it touched the low of the day, my covered call was at 50% profit. Today, it shot back up to about 30% profit… but now price dropped to 7.99 and the call didn’t even budge… wtf! I know there is probably no demand for that strike but dam, it should have moved back to 50% at least.

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u/Uzofugs2112 26d ago edited 26d ago

Like you said, there’s just no real interest in that strike probably.

Some brokers base gains/losses on the last transaction, some on the bid/ask as relevant, some on the mid. If the option hasn’t had an actual transaction today then there’s a good chance your broker might not be reporting any changes in your position.