$GOOGL DIAGONAL 250509/250425 CALL 165.0/CALL 160.0$ GOOGL: trade risk management.
With the current covered call with strike at $160 expiring on 25th Apr, decided to roll out the trade further by 2 weeks to 9th May and also increased strike to $165.
As it stands, if nothing is done, then the shares will be called away since market is above $160 on Fri 25th Apr.
therefore decided to perform this trade to buy some additional time whole also collecting some additional premiums without sacrificing the shares to capture the up side.
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