(01-07-2021, 11:00 AM)Otter Wrote: If this keeps up, I'm going to have quite a few positions in my IRA called away on the 15th and 22nd. It's what I signed up for when I sold the calls.I dance with options every week lately.
It's truly a long game that can't be judged in the short term when the market is insane. The average monthly income is definitely there over time. I am rapidly saving up for new trucks and a boat. If they get way deep in the money I will roll them forward no more than once before I give up. If I like the stock and I can get another 1% income while I wait to see what the market will do I execute the roll. I have LHX calls that have traveled from $3 to $13 and now back to .40 in a few months. I rolled it once. Nothing mechanical about it for me. It makes sense or it doesn't. I try hard to never defend a position for no reason., but I make thousands in income every year rolling so it's worth my time. There's no doubt it is tedious some months. Good luck. I am rolling a few today as I have options expiring every week.