AMZN: trade risk management.
AMZN had a bullish week and rise along side the market that's making all time highs.
At present, the existing covered call with strike of $220 will expire in the money on 3rd July.
Not ready to let go of my long position, so decided to roll out the sold call further by 2 weeks to 18th July and with higher strike of $225 which is just slightly above the last close of $223.41.
Still be able to collect a small credit for the roll out trade so I'm glad that I was able to take an initial loss on this trade in exchange for another chance for profitable trade down the road.
| Side | Price | Filled | Realized P&L |
|---|---|---|
| Credit Close | -0.85 1 | -- Closed |
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- fizzzi·07-04Rolling your calls sounds like a smart moveLikeReport
- DeltaDrift·07-04Wow, still able to credit out?LikeReport