Option strategy for in the money call option

[jmm07e]

Just move the strike up a bit to take some money off the table.

i.e. sell the 95 call and buy a 110 call.

You will bank some profits, take some risk off the table, and be able to benefit from future upside.

Yep, that's what I wanted. Thank you!

 

[LanceJ]

Selling a put turns your position into a Synthetic Long Future. Unlimited up, unlimited down to zero.
You can sell stock to lock in your delta gain. This would work best if you thought volatility was going to increase toward expiration.
If you're spec'n, just leave it. Hope those gains turn into really big gains

 

[taowave]

You are long the 95 call and and want to sell the 115-95 putspead as protection???

No disrespect,but you should take your profits and gry a better handle on options..

Am,I,m9ssing something?

okay, just to be clear the ticker is ABC -- I bought an at the money call option strike price of 95 for $1810 or $18.10 for one contract

The current market price of ABC is $118.65

The option is valued at $29.80 per contract or $2,980

So if I sell a call at say 30, 35, 40...I would give up that upside risk...which I want to keep
You might think of it differently, but that's the way my brain works

I would rather sell a put at say a strike price of $115 and use the proceeds to purchase a put at my original strike price of $95

 

[xandman]

Do the trade that gets you back to your original Delta. Your objective is to manage notional exposure and duration. That's all.