Monday, April 1, 2024

Close Googl covered call

 I am following the same logic as credits spread

as taught by Adam Khoo

if the price reaches the strike price, close it immediately

my strike price is $155, currently the price is around $154.8

I closed it and saw my cash account decrease by $159

but also, I got premium of $72 previously

so the loss is actually not as much as I thought, at 159 - 72 = $87


current cash : $7,034

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