re: Options Trading Thread

This will be the first time that I’ve ever had a stock bought out while I’ve had a covered call position on it. The only risk has been that Musk would keep monkeying around and not complete the deal. And if some greater fool had stepped in and offered more than 55, I’d have been ecstatic to let this turkey be called away.

Based on what I’ve read about the certainty of this deal closing by 10/28, there’s a (slight) temptation to sell a small basket of 47 or 47.5 puts expiring on 11/4. Course, knowing Musk… I might end up being the greater fool.