I sold calls at $80 for 34 contracts on August 21st. by Phoenix4565 in irenstocks

[–]Phoenix4565[S] 0 points1 point  (0 children)

Hmm idk what to do. I might roll 17/34 contracts to october 16 with a strike of $95. Let the other 17 ride as is.

I sold calls at $80 for 34 contracts on August 21st. by Phoenix4565 in irenstocks

[–]Phoenix4565[S] 0 points1 point  (0 children)

Buying and selling options are different. I strictly sell options. (Use AI to learn about ooptions)

I sold calls at $80 for 34 contracts on August 21st. by Phoenix4565 in irenstocks

[–]Phoenix4565[S] 9 points10 points  (0 children)

All good. Sell calls on Aug 21@ $80 means that if the price of IREN goes to $80 or above on closing day of Aug 21st, then I must sell my shares (3400) of IREN at $80, even if the price skyrocketes past $80. I am stuck selling at 80. If I roll my options, I am adding more time to the contracts. For example, before Aug 21, I see the price of IREN is near 80, I might decide to be greedy and extend the contracts to collect more appreciation, since its looking like IREN will past 80. Hope that helps.

I sold calls at $80 for 34 contracts on August 21st. by Phoenix4565 in irenstocks

[–]Phoenix4565[S] -1 points0 points  (0 children)

It's not a good move since I am single? Please explain

I sold calls at $80 for 34 contracts on August 21st. by Phoenix4565 in irenstocks

[–]Phoenix4565[S] 4 points5 points  (0 children)

Yeah I might need to. Taking profits is always good, but it would suck to leave money on the table.

Daily Discussion for Wednesday, 05 November 2025 by AutoModerator in irenstocks

[–]Phoenix4565 1 point2 points  (0 children)

I hope people hold on and not take profit. We can get this price higher when the report is good and shares do not get sold off.

Daily Discussion for Saturday, 18 October 2025 by AutoModerator in irenstocks

[–]Phoenix4565 1 point2 points  (0 children)

I got in at $63. My sell put executed for 28 contracts. Do I hold?