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To cover a down-payment in a month, I need to sell stock that I've been holding for a while. Price has recently risen but looks like it stabilized and unlikely to fall.

What would be the downside of selling some covered calls on it? The way I see it, I'm selling on the expiration date anyway, regardless of price, since I need the money. Might as well try to make some premiums by then. The only thing I'm losing is if I'm mistiming the market, and my stock goes up way more than my strike price earlier than the expiration date. Does this sound logical, or am I missing something.

Thanks.



Submitted December 08, 2017 at 04:54PM by hookers http://ift.tt/2nHTFhH

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