Alan answers a question posed by Gene, who asks:
On September 24th, 2018 I bought 11,000 shares of AMRN at $1.88 and sold 60 January 2019 $5 calls for $1.17 and 50 January 2019 $7 calls for $0.60. Today (October 5th) the price is up to $20.29. I’m sick to my stomach when I think of all the profit I’ll have to leave on the table when these options are exercised. Can you give me choices to recover some, if not all, this potential profit being left on the table?
Thanks a lot,
It’s the 2nd Wednesday of the month. Time for another original episode of Ask Alan. AA#154, “Huge profits Resulting in Unhappy Investors”
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