▲ 7 r/thetagang
I havent been at this long and now a bit confused on what is the optimal way to go about this. I bought a long leap 280 and sold a short call for google 365 (around 15 days left). However I wasnt paying attention past couple of days and didnt roll the option. Now its ITM with google at 381. What is the optimal play here?
Should I close the short call and take the loss or just wait it out?
If google continues to rise will I gain the same amount of money I lose from the leap to the short call or would I be losing more? Currently the delta of the short call is lower than the leap but I understand the closer to expiration the closer the more the delta will increase to 1?
u/Greedy_Bus1888 — 13 days ago