do not stray from this rule
remember if you add the benefit of interest free cash...what is the cost of money nowadays?
Most of the time, you can trade up taking a paper tax loss but actually pocket a further real cash gain.
I recapped the Jan 27 option play....I lifted my giveaway from $119 to $139 but took a paper tax loss when I closed out sale of the lower strike price ($110)..of course this also meant giving back some of the tax deferred cash...$9 of the $19 pocketed on Feb 4.
That recap is in the archives
these number clearly show a see-saw between 4130- and $132.
Months ago when the pivot was $127, we saw the same.
The pivot price has been raised from $127 to $130...next $133
have a nice day