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How do i protect Call option premium profits?
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GrainTrader
Posted 1/27/2021 16:37 (#8786850)
Subject: How do i protect Call option premium profits?



20 Miles West of Indianapolis Indiana

first of all, ive gotten crazy lucky here to be on the right side of this deal. so i don't think this is normal. but this reddit run up has hit me thankfully. 

i bought some Nokia (NOK) calls a couple months ago when they were talking about getting big into this 5G movement. they have an expiration of June. 

what can i do to protect the profit and capture any crazy upward movement that may happen here with these Trader Rebels? 

can i buy puts that will pay off if it tumbles back down? that the price i pay for the put is my "insurance". What happens if i sell a call? if it sky rockets up what happens on it? 


thought i knew things about things then this happens and i'm uncertain on how to handle it. I did sell enough already to cover my initial cost.... 

appreciate any thoughts. 

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