Will close my SPCX $160 covered call expiring November 20, 2026 soon. The position had reached 92.50% of its maximum potential profit, making it a good opportunity to lock in gains rather than hold until expiration. My original cost basis was $13.34, and I decided to take the profit off the table while preserving flexibility and reducing the risk of holding the short call longer than necessary. This trade reflects my approach of managing covered calls proactively, capturing the majority of available premium, and prioritizing consistent returns over squeezing out the last few percentage points of profit.
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