I had purchased 1 Feb. $5 strike, call option for $4.80. So I am not at my breakeven point. Do I try to sell the call option for just a about a $60 loss, or should I just exercise the option. Also, do I just let it expire and it automatically exercises or what? What is the best for commissions. THis was my first option purchase ever.
I generally don't like dealing with options, especially on a stock like LF which is volatile so there seems to be a nice premium built in. I can't say I didn't look though!
You still have a couple of days though so why not let it ride? The stock has good momentum after yesterday. You'll have to check with your brokerage about their policies and fees. I don't think most places exercise automatically. Remember if you do 1 call is 100 shares so you'll be buying about $930 worth of LF.