I have a UNH call expiring in 01/27 with strike of $320 that i bought for $23.00. Is it best to keep it with so much time left, roll the call up to take some profit or just exercise the call and sell covered calls to make up the loss of exercising?
Posted by AppointmentLeather36
2 Comments
Your best option here is if you’re still Bullish on UNH, I would recommend holding your $320c and selling the June $320c to lock in some premium. If it drops some, you’ll still be ahead. If you roll up to say $350 and sell the $350 call and UNH ends up
Sub $300, you’re going to need a lot of cash to sell down below $350 to get a decent amount of premium.
You could always sell shorter term calls against it.