Would you exercise your ITM call option to write covered calls in the future? CELH
Couldn't go to the casino yesterday so I felt like I wanted to gamble a bit on call options. Bought 10 call options at $27 strike for $1.22 each on Feb 20 (before earnings) expiring Feb 21. Now it's trading at $34.50 AH. Was wondering if I can exercise it, I have more than enough cash to buy it + using margin account. I would like to own it at $27 so I can write covered calls in the future.
I already own 300 shares at $23.50 but sold 3 covered calls a week or so ago for $24 expiring tomorrow as well FML. I didn't expect them to report early earnings and was way too OTM to close it or roll it. Didn't expect the 35% gain either. I thought the move would be 10% max.
I have never exercised any call options ever, l've always sold it for profit (or lose everything) and not too familiar with exercising options on IKBR broker.
Any recommendations or thoughts would be appreciated! Not sure what route I should go.