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Options Trading Advice

Posted on 3/10/22 at 8:17 pm
Posted by Da Cooyon
Member since Jan 2018
91 posts
Posted on 3/10/22 at 8:17 pm
I have a few options that are approaching expiration. The options are all O&G and I have the funds to exercise them. My question is, should I exercise them (buy the shares) or sell the contracts and collect the premiums?

Below are the options in question:






Posted by Triple Bogey
19th Green
Member since May 2017
6203 posts
Posted on 3/10/22 at 8:26 pm to
If you can exercise, then exercise.
Posted by slackster
Houston
Member since Mar 2009
89931 posts
Posted on 3/10/22 at 8:47 pm to
Occidental is up 100% year to date. Unless you believe the situation in Russia is going to get worse, or you have very limited energy exposure altogether, I don’t see how you can be a buyer at these prices. It’s up over 50% just with the invasion.
Posted by frogtown
Member since Aug 2017
5418 posts
Posted on 3/10/22 at 8:47 pm to
Just sell the contracts. Good work btw.
Posted by frogtown
Member since Aug 2017
5418 posts
Posted on 3/10/22 at 9:00 pm to
What you want to do, especially with OXY is create a call spread.

Your strike on the calls you own is at $50. You can sell the June $60 call for $7.80 or the June 65 for $5.75.
Posted by Jag_Warrior
Virginia
Member since May 2015
4292 posts
Posted on 3/10/22 at 9:10 pm to
Interesting play. I like that.
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