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PaperclipPerfector  1yr ago (text post)   3474 thread views

Friday Fun Thread for March 29, 2024

Be advised: this thread is not for serious in-depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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In this case, he's covered since he owns the underlying security. So the worst that would happen is his COIN stock gets called away (at a very inflated price to boot).

It gets called at the strike price; not the trading price.

I guess the strike price is high so he wouldn’t be too bent out of shape at selling.

The loss is the delta between the market price and the strike price.

I think he was liquidating anyways though -- so if he sells on day 1 for market price, he's not getting any appreciation regardless.

In that case, continuing to sell the deep out of the money calls is simply risking the asset dropping in value.

Ah i missed that they were covered. Wouldn't that negate the inflated price thought? That is the whole point of the options people are buying.

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