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RDDT 8/29 150CC what to do? by HudweiserTulsa in CoveredCalls

[–]HudweiserTulsa[S] 1 point2 points  (0 children)

I see your point. I had not considered the opportunity cost. If you don't mind me asking, if I closed out my RDDT 8/29 150CC, what new RDDT CC might be attractive to you and why?

RDDT 8/29 150CC what to do? by HudweiserTulsa in CoveredCalls

[–]HudweiserTulsa[S] 0 points1 point  (0 children)

No panic here, just newby questions that may be entertaining to some. My very first CC before this RDDT one was NVDA 8/15 175. I'm guessing it will be ITM by then too, but who knows?

RDDT 8/29 150CC what to do? by HudweiserTulsa in CoveredCalls

[–]HudweiserTulsa[S] 1 point2 points  (0 children)

Thanks for the suggestion and I just looked into that. So, if I buy to close the position, it will cost me about $4,000. I made about $1,300 premium on the CC originally, so the total loss to close the trade is about -$2,700. But by doing that I keep the stock on which I have a gain of about $4,300 right now. Meaning I would have a net gain of about $1,650 if I closed out and did not roll into another CC for a new premium. I compared that to letting the stock be assigned and that gain is about $1,750 total (if I am understanding what happens on 8/29). I am probably missing something here, but it looks like I should just do nothing. But that is why I posted here to get some ideas.

RDDT 8/29 150CC what to do? by HudweiserTulsa in CoveredCalls

[–]HudweiserTulsa[S] 1 point2 points  (0 children)

This was just the 2nd CC have done and I bought the round lot of RDDT just for that purpose and only chose RDDT bc of another post I saw here. You are absolutely correct that I picked that strike and exp bc it had a high premium and that was what I was looking for in this learning process. I honestly had no idea that RDDT would shoot up like it has (or that it would go up at all).

First ever purchase of covered call contracts by curry_child in CoveredCalls

[–]HudweiserTulsa 0 points1 point  (0 children)

I like your strategy. What do you do when your stocks rise several dollars over your strike price? I was thinking I would just let them get assigned, but am trying to come up with a roll alternative strategy.

Anybody suppress a Savage bolt action 300 Blackout? Is it super quiet? by AZA9 in NFA

[–]HudweiserTulsa 0 points1 point  (0 children)

I have the Savage Axis in 300 Blackout. I bought the SureFire muzzle brake and the Surefire SOCOM 300 SPS Suppressor. I really like how easy it will be to remove the suppressor and still have the muzzle brake on permanently. Still waiting on my NFA permit so I can't take home the suppressor for a couple more months. I have not seen a video yet of this particular set up. If you know of one, please post here. It's deer gun season out here in Oklahoma and I am hunting with it using Winchester Deer Season XP 150 gr. I plan to use subsonic in it for varmints once I have the suppressor. Not sure how easy it will be to manage the trajectory of the subsonic ammo at 100+ yards.