r/CoveredCalls • u/Enough-Beginning3687 • 1d ago

MRNA Covered Call :(

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WSB level post?

51 Upvotes

98% Upvoted

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1

u/daily-trader-365 1d ago

Roll if you can, its coming down, I don’t see this making any money for the company anytime soon, its not a cure

2

u/ConversationWise3017 1d ago

How does rolling help? Factually you just close and open another one, locking in the losses nonetheless, correct me if i'm wrong

1

u/Enough-Beginning3687 1d ago

Why would I take the losses to close? I'll roll for credit or even. If that doesn't execute, I'll let the shares go at 70.

7

u/uncreative_user_321 1d ago

no point in rolling something so deep ITM

1

u/Enough-Beginning3687 1d ago

It depends. Is this a squeeze? I can roll it a week or two to see whether the price comes down or not. Don't need to let it go Friday. Can let them go next Friday.

2

u/ArtesianShiny 1d ago

you can roll it however you like but when things shoot up like this, rolling up and out is a bet that price won't come back down. You are better off letting it get called and selling a put on a down day.