Reposting, might have been missed, hoping for some advice:
I have 1,900 shares at $243 CB. Two weeks ago I sold -C240 and -C245 against them for 7/21 figuring they’ll for sure expire OTM or there’d be a dip where I could close them (of course STO way too early…they’re trading now at $9.39 from $2.34
). I’m prepared for them to be called away as well. (Same for the 6/30 -C220’s, I have enough shares at 215 CB, but counting on derisking dip toward end of month to BTC or let exercise).
I’m also holding -C245 for 9/15 (from a repair roll I’m stuck with) which will likely be ITM beforehand, but who knows.
My question is, if the 1,900 shares are called away on 7/21 is the strategy to buy the 1,900 shares again in the 240’s (if it’s trading there) to hold to cover the -C245 9/15, or is there something else that can be done to salvage the 9/15 -C240 contracts in case TSLA is trading at say $260 by then?
(And any suggestions for the -C360 @ 1/19? My plan with that one was to BTC on a dip in the 180’s but it got away from me. I have enough shares at $360 to cover it, though I doubt TSLA will be close to that in 6 months. The only downside is I could’ve gotten a lot more premium had I waited for TSLA to be in the 240’s to STO instead of 184.)
TIA
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