Currently have an avg cost of TQQQ at 19.50….when stock rose to 22.40, I sold a 22call expiring Friday.
With losses after hours, my options is currently ITM.
Now here is my question: I was thinking of two options (1) first I buy back my CC and sell my stock. Once TQQ goes down below the 20$, I will than sell a covered PUT for 19$…all this to collect premium from both sold calls and puts. OR (2) let my option expire Friday (keep premium) and hope QQQ doesn’t below 18.50$ (my new avg cost if premium is kept)
I hope this isn’t confusing but is there a way to see what can statistically manage risk the best? I am not in love with stock so don’t mind selling. Considering a few more big tech reporting this week, I think we either go down or stay flat and move up slowly.
What do y’all think?
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