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Started By
Message
Options question
Posted on 12/6/24 at 7:04 pm
Posted on 12/6/24 at 7:04 pm
If I sold covered calls on SOUN at a 14.50 strike and the stock closed at $15, would I have already lost my shares?
Or did the person not exercise them?
In my Roth, the calls are gone, but the shares remain.
Just two contracts
Or did the person not exercise them?
In my Roth, the calls are gone, but the shares remain.
Just two contracts
2
Posted on 12/6/24 at 8:10 pm to bayoubengals88
gone. prob just hasn't settled yet
Posted on 12/6/24 at 8:51 pm to bayoubengals88
quote:
SOUN at a 14.50 strike and the stock closed at $15, would I have already lost my shares?
It will settle over the weekend.
Posted on 12/6/24 at 9:24 pm to thatguy777
Oh well. I guess it’ll cool off eventually and I can get back in.
Posted on 12/6/24 at 9:53 pm to bayoubengals88
Don't know where you originally entered SOUN but, maybe look at selling some out of the money puts. The Dec 20's struck at 13 settled with a $1.00 bid.
Posted on 12/7/24 at 9:02 am to bigjoe1
I bought 200 at 8.70 earlier in the week.
But yes, I plan on hitting the 12/20 CSPs on Monday
But yes, I plan on hitting the 12/20 CSPs on Monday
Posted on 12/7/24 at 9:19 am to bayoubengals88
If you sold covered calls, you set the strike price....but even though the strike was reached, the person that purchased them has other things to consider. The premium they paid to you has to be factored into that price, taxes potentially, so just because a stock exceeds the strike price doesn't necessarily mean it will get called, especially if the date is far off, they can simply let the stock run up knowing they only have to pay the strike.
I sold covered calls on Chipotle, CMG and the price has exceeded my strike but they haven't been called as of yet, I assume the price will continue to rise and they will get called on my exp. date of 12/20.
I picked the strike price and date, it was a 10% increase for me in less than a month. I'm comfortable with my price I picked, but I could have been more aggressive but the premium would have been less.
I sold covered calls on Chipotle, CMG and the price has exceeded my strike but they haven't been called as of yet, I assume the price will continue to rise and they will get called on my exp. date of 12/20.
I picked the strike price and date, it was a 10% increase for me in less than a month. I'm comfortable with my price I picked, but I could have been more aggressive but the premium would have been less.
Posted on 12/7/24 at 10:44 am to oneg8rh8r
quote:
I assume the price will continue to rise and they will get called on my exp. date of 12/20.
Generally speaking, this is correct but on occasion the price of the stock is so high there is really no speculative premium in the calls and traders may exercise the calls when the stock goes x-dividend to capture the dividend. This has happened to me a few times.
Posted on 12/7/24 at 11:52 am to oneg8rh8r
Shares are gone.
I sold the calls at .33 on 12/5 when the stock was around 13.50.
So, the buyer was in for 14.83.
Ballsy, but good for them.
SOUN is hot.
I sold the calls at .33 on 12/5 when the stock was around 13.50.
So, the buyer was in for 14.83.
Ballsy, but good for them.
SOUN is hot.
Posted on 12/9/24 at 9:11 am to bayoubengals88
Received 1.13 for the 14s
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