I am in SOXL for 100 shares at $180 last Wednesday. I sold a call on it for $205 strike. I have collected premium. Now it’s time to decide if I should roll it again or just let it go and take my profits.
I can roll to another $205 for next week for $500 premium.
Or I can roll up and out. $225 I have debit of $10.75. I get $925 of value.
Or I roll up and out to $250 strike for a debit of $31.50. Value of $1350. But carries some additional risk.
What say you wallstreetbets?
Note premiums keep jumping around. So they are different in the screenshots than they are in my post.