Followup - NBIS expensive buyback Roll - was it worth it ?
Recently I posted a trade where NBIS blew past my Aug $90 call (which I wrote a long back when NBIS was in the dumps) . I would have made $599 on the trade.
I bought back the call for a hefty price and sold a July $230 (premium $24) call for a potential 9X profit ($5772) if assigned (Net Cost basis $172)
https://www.reddit.com/r/CoveredCalls/comments/1tk1xid/why_i_rolled_my_covered_calls_even_when_the/
In between NBIS had a bad day and I bought back the July call for $19 and sold an August $240 call for $26
This reduces my cost basis to $165 and potential Profit if assigned to ~$7440 (~ 12.5 x of the original )
The August call can be bought back for $64.6 giving me a profit of $3110 today (5x of the original)
Posted Jun 3, 2026, 11:48 AM UTC
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