Need advise from pro traders if you have ever been on this situation before.
I am a swing trader and have been buying stocks of some distressed tech like SMCI and ONDS, Nokia recently. I short 10-20 delta Weekly/Bi-weekly covered calls and till now has been decent income. Suddenly these have exploded and thrown my Calls deep ITM.
What you think the best strategy has worked, and what should be my future strategy to hold onto underlying when overnight any stock explodes?