What to do with my shopify call
by adutta | December 27, 2022 7:22 pm
I know almost nothing about options[1] trading. Based on a Fool Options membership I had last year I purchased a Shopify Jan 2023 call:
SHOP JAN 20 2023 $116 CALL
SHOP JAN 20 2023 $114 CALL
I don’t have the fool service anymore and don’t know what to do with this option now that the Jan 20 date is fast approaching. Can anyone suggest what I should do? I use Fidelity[2] for trading so any screenshots on how to close the position will be extremely appreciated
Endnotes:
- options: https://www.stockgumshoe.com/tag/options/
- Fidelity: https://www.stockgumshoe.com/tag/fidelity/
Source URL: https://www.stockgumshoe.com/2022/12/microblog-what-to-do-with-my-shopify-call/
SHOP VERY BEARISH
If the two options are going to expire worthless then just let them expire. You do not have to do anything. Nobody is going to buy your options so far out of the money.