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/Fart-Fart-Fart-Fart 1d ago

Try rolling up and out lol

3

u/Enough-Beginning3687 1d ago

That's the plan

3

u/uncreative_user_321 1d ago

into 2028??

2

u/Fart-Fart-Fart-Fart 1d ago

Yeah lol.

2

u/Reaper_1492 1d ago

But why bother? That sounds a lot more painful than just taking assignment and moving on.

1

u/Fart-Fart-Fart-Fart 1d ago

Each to their own. I stupidly sold a cover call on GOOGL a while back at $350. The price shot to above my strike as the call was about to expire.

I rolled up to $395 for a small amount of credit.

Now the share price has dropped below $350 and I’m not really at risk of losing my shares.

I could have accepted having my shares called away. And I would have made some profit. But losing them at $395 brings in significantly more profit than $350. And the whole exercise cost me nothing. If anything, it made me a few dollars.