Need guidance on a MSFT - Poor Man's Covered call
Hey everyone, I could use a bit of guidance on a PMCC I'm currently managing.
I initiated the position with a LEAP on MSFT and began selling covered calls against it when the tariff news broke earlier this spring, anticipating some sideways movement. However, MSFT surprised me with a strong breakout following their last earnings report and has been on a tear ever since.
I've been trying to roll the short calls up and out for credits, but the stock's rapid rise has made it difficult to keep pac... more