09-14-2018, 07:33 AM
(09-13-2018, 08:20 PM)NilesMike Wrote: I sell index options, options on stocks I want to own at a better price and I sell options on stocks that i don't want to hold.
You can buy the option back for a loss or you can roll it down and further out in time or you can take the stock, sell the nearest call and see what happens.
Good point on selling calls to leave an unwanted position. Short of a free fall you can navigate out of a lot of situations with judicious use of options and a little time.