Replies to post #280536 on The Golden Lounge

[Wayne R]

If ATOM pops to make those calls in the money by expiration, you have to give up the shares at the strike price though.

No, you just buy them back. as soon as calls gets "in the money", no one wants them and there is almost no premium.

Look at the option chain, in the money calls are pretty much the price of the stock.

[Theo]

Yup that scenario did not escape me 😨...so I have been trying to calculate how far OTM I could go and still reap enough premium to make it worth the risk. ATOM is not a stock that meanders up and down over the weeks in a 1-3% range with lots of volume... To your point, when it "pops", it's a violent move and I could get called out in a heartbeat/