I am far from a pro, so do get in trouble, writing CC or CSP's on volatile stocks like LUNR, RKLB, IREN, and not watching them closely, as they get redder than Sydney Sweeney's blood when she's in heat....
Anyhow, my most recent roll was 3 Sep $40 LUNR that are deep red. (had not been watched closely enough and/or had been rolled once if not twice already)
Anyhow, just now, I rolled them out and up as far as possible, Jan 2028 and $65, and collected $1815 more premium.
The reasons why I don't have a problem with this:
A. My average cost per share of my 4040 shares, is about $8.40
B. I believe in the company and have no plans to sell a single share--unless some get called away.
C. I currently have 20 Jan LEAPs, that are now even in more profit, at about $44k, than my previous best trade, 9 $35 Jan 2026 RKLB calls, which returned over 500% and $41400 profit.
Just now, with LUNR taking off again, I rolled a $45 for tmrw to $50 (already had one) and next Friday. And have a $65 cc exp Jun 18. And there's a $50 that expires tmrw that might stay safe.....
O/T..I did just sell a 2nd RKLB $170CC for Jun 5...I don't want to lose 100 or 200 of my 1300 RKLB shares, but am betting that it won't get to 170 in the next 6 trade days. If it starts moving, I might close one, rather than being worried about needing to roll both CC, next week.