" In/out of a covered call isn't really a good use of your money as its covered so you may as well hold to expiry and get the full credit. "
This is not entirely correct, say if you sell a call 3mths expiry for say $2, then 3weeks later or even a matter of days sometimes that call can be worth say 20c (believe me with stocks like BHP / WDS etc can happen ) why would you not buy back & pocket $1.80 profit in say 10 trading days , rather than wait 3 mths to MAYBE have that option to expire without being exercised & get 20c more, in that 2mths & 2 weeks you could trade that same amount of stock many times.
Have had many trades over the yrs that seemed like would expire & collect full premium a day or so away from expiry date, only for some unforeseen reason to make the stock rally & all of a sudden they are in the money, so this is where stock direction comes very much into play, & you won't go broke taking a profit.
It isn't "your money" until the trade is closed, expired, exercised.
Everyone has their own way of trading management.
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Last
$2.90 |
Change
0.160(5.84%) |
Mkt cap ! $8.731B |
Open | High | Low | Value | Volume |
$2.83 | $2.90 | $2.80 | $106.1M | 37.06M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 325534 | $2.89 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.90 | 158813 | 18 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3279 | 2.880 |
1 | 8000 | 2.850 |
1 | 600 | 2.840 |
3 | 162003 | 2.830 |
4 | 29560 | 2.820 |
Price($) | Vol. | No. |
---|---|---|
2.900 | 96973 | 10 |
2.910 | 42271 | 5 |
2.920 | 98708 | 8 |
2.930 | 17775 | 3 |
2.940 | 105638 | 7 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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PLS (ASX) Chart |