LogFAQs > #956475033

A lot can happen between now and 8/6. I wouldn't do anything today.

If the price stays where it is, your call will be assigned and you will sell your shares at the $29.50 strike price (but keep your premium). Hopefully, that is still profitable for you.

If you close it this far from expiration, it is unlikely selling the shares will make up for the difference. Right now, Riot is 33.61. Since 33.61-29.50=4.11, you would make $4.11 more per share selling them at this price instead of $29.50, which is less than the amount it takes to close them (apparently 5.20 per share according to the above). So, it is not advisable to close them if you plan to just turn around and sell. The only reason I can think of to close is that you have good reason to think the price will go up considerably. Keep in mind the price might go back down!

---

I have discovered a truly marvelous proof, which this signature is too narrow to contain.