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Southwestern Indiana | I would do one of two things. Depending on how many calls you have you could sell them incrementally as the price goes up sell enough to cover your initial investment then let the rest ride for awhile. The other option I would highly consider is selling short dated calls against them. You can sell a 10 dollar strike for 120 dollars a contract which is probably more than you bought the original calls for. Your gains would be capped at 10 but if it doesn't close over 10 bucks Friday that's an easy 100 profit then rinse and repeat next week. | |
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