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I can tell you what I do, depending on how far otm the call is. Usually I will just roll the call up and out as long as there is a credit. The other thing I will do is sell a put farther out and allow the position (covered call) to expire. There isn't a repair strat for a winning trade which...

van..the pitchfork works great in higher IV...I think the IV is currently too low for this trade...jmo

Exactly

I won't argue your point. As I have been there. My point is in the context of brokers fees .

and if you don't like it you can go to another brokerage.......................but the reality is they are just looking for ways to extract more $$$... when there is real risk of blowing up (usually to the downside) the margins go up....lets face it there is virtually little risk of blowing up...

Exactly...like the airlines now charging for drinks..carry on...basically another excuse for a fee.

These forums do not cater to the penny stock population for all the reasons mentioned above.

nope...most ppl leg out by buying back the short then selling the long...or close the short spread first then the long spread...or closing out the entire trade as one order.

Zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz Can't believe summer doldrums are here already"................

If you are limiting loss by closing your trades you are managing losers. If you are not managing your winners by taking profits then you will pretty much just lose.

A retail trader doesn't have much choice in the SPX options if they want to sell premium, essentially you have to do IC's on the SPX you don't have the margin to sell strangles. On the ES the margin is so much lower you can just sell strangles/straddles...less commission overall and easier to...

when you buy a call you can sell that call anytime prior to expiration...the underlying price doesn't necessarily dictate where you sell your call. Obviously if you are far out of the money your call will be worthless but if you have some time premium on it you can certainly sell.

deep sigh.....(that this needs explanation).............countries where women have no rights and are treated as chattel..... and to grandlux :p

Right up there with Nigeria if you are a female trader:p

Exactly...150K is not nearly enough

a good day NOT to trade.....I keep having a nagging thought that since we never saw a real decline in May...June might be the "when" and perhaps next week ppl getting a jump on a down move................................................................................... or may be...

no your not...... you are allowed to close the position....sell/buy the stock sell/buy the long call...in general, unless there is a gap up or down after expiration you are fine on a spread. However those are waters you don't want to test until you have real experience, also there is NEVER the...

You have to watch out with gold though. A. Few yrs ago I was trading gold margin was like 7K..over night it went to 14K on me. This is a risk on all futures contracts esp the volatile ones.

I'm pretty partial to good roads, schools, free public library's parks....working lights, phones, reliable internet. Not to mention the little things like security and affordable excellent medical care.....reasonable food costs oh yes food safety , and many other perks I can't think of that...