BCI PODCAST 153: Closing a Covered Call Trade Mid-Contract
Exit strategies are a critical component to achieving the highest level of option trading success. This podcast will focus in on a situation where share price of the underlying security rises exponentially causing the time-value component of the premium to approach $0.00. A real-life example with NUE will detail when and why to close both legs of the trade and enter a new covered call trade with a different security and the same contract expiration.
Links mentioned in the video:
https://thebluecollarinvestor.com/minimembership/bci-investor-program/
https://thebluecollarinvestor.com/minimembership/bci-trade-management-system/
