RE:RE:Buy my covered calls back at a loss? I think today's action has shown you're right.
I would be okay with being called out at $44, but i would be pretty unhappy if the stock hits $46, I dont get called out, then the share price pulls back hard. Selling my shares while I have sold covered calls would be way too risky, as they would become naked calls (shorting).
Anyone else have opinions on the best way to play this?
1. Buy my calls back at a ~$300 loss
2. Let them sit, and see what happens over the next few days
What would you do?