I tried posting this in the options community but the bot didn’t let me.
At the time of the trade, I had 2 16 sep 22 112 C for LQD etf.
Wanted to buy 1 more call options but accidentally sold a
16 sep 22 114 C
I noticed my equity went up by the premium I collected from the sold call. I basically have a pmcc, which I’ve never done before.
The help agent told me I should be fine as the call does not expire in the near future. Also, my 112 call options should cover my sold call if they were to be exercised.
On Monday I’m planning to close /buy back my sold call.
To confirm, as LQD rises, I loose money on the call option as I will be paying more than the premium collected and vice versa ?
Thanks in advance.
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