" 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
$3.16 |
Change
0.170(5.69%) |
Mkt cap ! $9.515B |
Open | High | Low | Value | Volume |
$3.10 | $3.20 | $3.05 | $117.6M | 37.50M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 72180 | $3.15 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$3.17 | 222212 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 3070 | 3.150 |
4 | 33469 | 3.140 |
6 | 32664 | 3.130 |
4 | 151078 | 3.120 |
2 | 12503 | 3.110 |
Price($) | Vol. | No. |
---|---|---|
3.170 | 41012 | 4 |
3.180 | 115512 | 10 |
3.190 | 59750 | 18 |
3.200 | 171979 | 56 |
3.210 | 166631 | 11 |
Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
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PLS (ASX) Chart |