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MGM naked short call ITM, should I roll up and out or cut my loss?

T
Feb 13, 2025 · 13:49

Sold a weekly call for 36 strike. Pre market MGM price is at 37.8. What should I do when market opens? I am still feeling my way around. Any advice would be greatly appreciated.

I still believe in the thesis that gambling business is a sunset industry. Even though MGM exceeded expectations, but their cost is increasing and is making loss. I don't understand why the stock would jump so much. MGM is a value trap I think