So my otm leaps went itm recently and I am looking for strategies or ideas how to continue from here.
My thesis is that they will continue to go up but probably not as much as in the past.
Should I just sell weekly or monthly calls on them for some extra cash or are there better strategies that I am not aware of? TIA.
Positions:
MU 520c jan 28
GOOG 380c jan 27
Posted by chrisbgp
1 Comment
”My thesis is that they will continue to go up but probably not as much as in the past.”
So sell and move on to your next play ? The game is capital deployment and preservation, not the highest score possible on unrealized P&L
Or sell the most OTM calls same DTE that still cover your initial cost basis and ride the rest for free but why stay in a play you think will have dimishing return ?
Edit : just in case you choose option 2, learn about debit spread mechanism a bit so you don’t screw up.. but it’s still a directional play so you can loose money on the spread