Made some money on covered calls as it jumped 130 points this morning. How would you work a straddle on the stock, given the peaks and valleys that this stock does religiously?
Covered call options on argon, AGX. Straddle?
byu/Lilherb2021 inoptions
Posted by Lilherb2021
2 Comments
Long straddles if you think vol is going to outperform or is “cheap”.
If you already own shares, a covered call is just one side. A straddle means buying both a call and put at the same strike, so it is a different bet and usually not something you stack on top of a covered call unless you have a specific hedge plan.