This covered call position was sold and rolled a few times while AMD was trading relatively flat in June. However, starting in July, the share price moved sharply higher and continued trending upward more aggressively than I expected. I rolled the option up and out a few times, but eventually the underlying price moved far beyond my covered call strike. At that point, the only way to roll further would have been into very distant expirations, which didn’t make sense.
I decided to let the shares be called away, freeing up capital to either re-enter AMD at a better level or pursue other opportunities. While the profit is smaller than what it could have been if I had simply held the shares, a profit is still a profit.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Buy Close | 0.00 1Lot(s) | +100.00% Closed |
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- Astrid Stephen·2025-09-01Totally get it! Rolling too far out feels off. Profit’s still good.1Report
- Reg Ford·2025-09-01Ready for next AMD dip or new plays.1Report
- DeltaDrift·2025-09-01Solid. Well trade for this one1Report
- cheeryx·2025-09-01Smart move1Report