4 of these calls were sold a day before earnings
Premiums paid : $8.24
Premiums paid to close : $13.84
Resulting in a loss of $5.60/ contract.
My repair strategy is to close out all of these at loss, and reopen 1 OTM put to offset the losses.
Train of thought; rather get 1 contract exercised than all 4 called away. OTM strike chosen as the current price is a little over extended for my comfort. However will a low cost , even if my OTM calls gets exercised, I still walk away with some profits.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 13.84 2Lot(s) | -69.31% Closed |
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