I have a few hundred shares of Ford that I’ve been holding for the long term for a few months and selling covered calls to squeeze a little more income out of them (it’s not much, but it’s something). For most of the past few months it’s kinda bounced around between 11.50 and 12.50. It exceeded 12 a couple days ago and I rolled my calls up and out from 12 to 12.50 and to a May 29 expiration so that I would keep the shares for the ex-dividend date.
Today, the stock went up 16% to almost 14. Should I close or roll the calls or just let them exercise and sell puts in a wheel setup? How would you analyze it?