No. of Recommendations: 0
"Consequently as the price has risen, the calls have done badly but the stock has done well, so you haven't lost money in aggregate."
Due to them being true CCs though, while I captured the option premium on the day I sold it, I would lose that premium and then some buy buying back near expiry at this new, much higher price, right?
IOW, now that the price has blown past the strike price, even though my actual shares are currently worth the going quotation, I'm not able to sell for 468.65 or whatever. I'm stuck selling for the CC strike.
So I haven't lost money, but I've left a hefty amount on the table by guessing wrong on the CC, right?
