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Hi Alan,
I bought NEM at $98.68 and sold the $100 call and now it is trading at $113.70. I can’t make any more money. I’m not sure if I should close the trade or let the shares be sold. I don’t care about losing the stock. Any guidance is appreciated.
Thanks,
Barry
Free Resources:
When share price moves up exponentially after entering a covered call trade, there are 4 exit strategies to consider:
1: Rolling-up
2: Rolling-out or out-and-up
3: Closing both legs of the covered call trade and entering a new one with a new stock (Mid-contract unwind or MCU exit strategy)
4: Taking no action
Focus will be on the MCU exit str...
Portfolio overwriting (PO) is a form of covered call writing where, in addition to generating cash flow, we also want to retain the un...
Covered call writing and cash-secured puts are low-risk option-selling strategies that can be implemented even in challenging market environments. In the 1st quarter of 2026, the US has been experiencing uncertainty and volatility exacerbated by a war with Iran. This article wil...