I’m sick today, so short on details…
Yesterday while ADBE was making a run, I bought back my two February 35 calls (AEQBG) for a profit of $7. I though it might pull back some before Friday’s close, but didn’t feel the risk was worth waiting since I had other naked calls for March 35 too. I left those in place.
BA is the tricky one for me remaining this week. I own 100 shares which look to be destined to be called away on Friday from my February 80 covered call. The tricky part is the 2 UNcovered calls at Feb 85. BA is at 84.25 at 12:32 today. I’m holding my breath that I’m making the right move not spending $110 for options that currently are sitting OTM. BA broke its downward trend yesterday and is above the 50 day moving average today. I expect I’ll buy the options back, but want another day or two to pass to see if I can time it through Friday to expire worthless.
Hope you feel better soon. It is bad to be sick. It is worse to be sick on expiration week. It is the worst to be sick on expiration week in the midst of market turmoil.
Thanks, well said – Bad timing. I’m heading in to work today, but might have too much to catch up on to trade much. BA is the big one to watch for me still. It rallied after I posted this above and now I’m hoping to get out for $110.