Hey all! Looking for some advice. Got in on oracle before the earnings report before last around $200 and dca'd down to about $192. It then dropped way down to around $136-140 so decided to sell a call to help with lowering cost. Sold a $180 for about a month out. We'll shortly after it reported good news and shot way up to near $180. Didn't want to let the shares go yet as it's gained momentum so rolled out to a $190 in July. Well now it's passing that so think it can still keep going. My option to hold shares i would need to roll again but quite a ways out to up the strike and stay neutral on the contract price. I'm just looking for opinions on how far out is too long? And/or would it just be better to let it play out and get called on these? Figured farther out for profit would be better than miss out if it keeps rising? Thoughts?
Suggestions for my call option *help*
byu/FitRip6453 inoptions
Posted by FitRip6453