mster
09-23 13:34

$ASML 20261002 1950.0 CALL$ I have some call contracts that are not in favorable position as the share price headed down lower after opening them.  While waiting for the possibility of the share to recover, am turning these long call options into Diagonal Spread by selling a short dated call with higher strike to help cover some cost of these contracts.  This strategy also commonly known as Poor Man's cover call.  
ASML CALL
09-23 03:40
US20261002 1950.0
SidePriceRealized P&L
Sell
Open
4.80+38.55%
Holding
ASML Holding NV
# Trade Feed: Who is your favorite trader?

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（2）

  • Top
  • Latest
  • OwenBess
    ·09-23 14:12
    TOP
    Classic PMCC adjustment. Main thing now is managing the upside cap if ASML snaps back fast — that short 1950 call can bite sooner than people think
    Reply
    Report
    Fold Replies
    • mster: 
      Yeah. Been thrown all sort of curved ball recently… just need to manage… part and parcel of option trading unfortunately…
      09-23 23:36
      Reply
      Report