Alan answers a question posed by Andrew, who asks:
I purchased UCTT for $27.90 and wrote an October 1-month $30 call for $0.77. The stock is now trading at $31.62 and the “ask” for the call is $2.50. Should I unwind or is it too costly?
It’s the 2nd Wednesday of the month. Time for another original episode of Ask Alan. AA#142, “Evaluating the Cost-To-Close Prior to Contract Expiration”
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