Rolling Up a Covered Call on Ethereum Crypto Coin. Again.
On April 4th, 2023, I rolled up 1 covered call on Ethereum crypto coin, a position I originally established back a the start of March when ETH dipped under $1,400, see: Sold Call Options on crypto Ethereum - potential income of 1.85% in 7 days
I rolled because my latest strike price of $1,700 was touched and challenged. I keep rolling this position ever since I opened it at $1,450.
With this roll, I only rolled up the strike price from 1,700 to 1,800 but not rolled forward. I will lose from this position in terms of ETH, but at least I will keep it under control.
Also, I should note - I actually don't have 1 ETH, just 0.6962 ETH, which equaled $973.92 at the time of establishing this position
This is not trading advice. Investments in stocks, funds, bonds, or cryptos are risk investments and you could lose some or all of your money. Do your due diligence before investing in any kind of asset
here is the trade setup:
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