Hi all,
I'm looking for advice on managing this position : 3x ORCL 170C Nov20'26
It is obviously now deep ITM, is at delta 0.85, and I feel like I'm now holding basically a synthetic stock.
I'm looking to protect myself against downside and potentially be able to realise more upside, though I am not opposed to just letting the position ride if that is wise.
I am unfamiliar with diagonal spreads, Poor Man's Covered Calls, diagonal rolls, etc.
Please shed some light on how you would play this, and what seems wise to you all with more knowledge than me.
Thanks!
