I just sold a 10 contract Call on Cree (CREE). I own 1000 shares at $121 but the stock is way down from there. I don’t think the stock will get to my Strike Price by Friday. If it does I’ll buy more shares to deliver on assignment. I won’t want to deliver the shares I own at the higher price.
Sell to Open 10 CREE 3/26/21 $110.00 C @ 35¢ (+$350)
Successful trading,
Steve
The Options Coach