Any of you ever exercise an option?

Plenty of times and never bc I clicked the button. Someone else did or I let some covered calls go. What do you want to know?

Funny, Qs at 315 lol

Post from a while back got assigned a bunch of QQQ

quote:

---

How many of you have and do exercise options?

---

You mean long options? Other than in creating spreads, I don’t take (net) long options positions. So no, I haven’t had an opportunity to do that. But like most who trade short options, I have been assigned on occasion.

quote:

---

So no, I haven’t had an opportunity to do that. But like most who trade short options, I have been assigned on occasion.

---

Yeah, I have been assigned. But I have never exercised an option on a long. I'm looking reasons to do that. And to be honest I have not found any.

I have a long position on TSM and It's about to be reach double the strike. Still I can not find a reason to exercise it.

quote:

---

You mean a long call with a DEEP in the money strike? Whoa! How much time til expiration do you have on those?

---

March 2025

quote:

---

With IV/premiums being so low, now might be an opportune time to take some debit or net long equity (or index) option positions.

---

Thank you for the tip!

quote:

---

If you are long calls on that position I would just roll it out and up and if it is double the strike price you probably should have done that long ago but would need more details

---

As much as I dabble in options, it’s almost always naked calls or puts and actively avoid learning more advanced strategies because I’m lazy and this has worked for me. I have google leaps I bought over a year ago $100 strike that are up 460% (sept exp) - I have exercised leaps like this before in the past a couple of times and am considering doing so again because I have the cash, want to hold google long term, and my mindset is once I buy shares they are off limits from me trading with them (which is needed to protect myself from myself).

I guess my question is for the more advanced options guys, is there something else to be done to squeeze these types of positions for more or is it pretty cut and dry in my particular case with the above stated? And explain it like I’m 5 please

quote:

---

I guess my question is for the more advanced options guys, is there something else to be done to squeeze these types of positions for more or is it pretty cut and dry in my particular case with the above stated? And explain it like I’m 5 please

---

Yes. So you stated you have the money to buy the stock out right.

Here would be an example from my pov.

GOOG is at 191.50. Let's say thats where you enter it. Depending on how aggressive you want to be, you can sell a call for the following week at the next strike up (192.5) for $238. Should the stock move to that, you would get assigned and have to sell them the stock at 192.50. That's another profit of $100. If it does not go to that, the sold call will expire worthless and you sell another.

Assume you get assigned. You can then sell a put. The current premium on the put at the next strike price down is worth $181. The brokerage will freeze the amount of the put should you be assigned. That freeze is $19K. You get assigned, great. You now own the stocks again and can sell another call.

Wheel method.

What could happen is a big run up on the stock price from let's say 191 to 210. Now that would cost you 21K to purchase vs 19K. If that concerns you... Play the call sells more conservatively. Go more out of the money.

I have many times.

Make sure you have money to lose if you dont know what you are doing or havent put in the research.