Option Strike Price Pinning

SUNW is right now at exact 3.99 X 4.00. On this last trading day before the option expiration date for Oct, the underlying tends to be pinned to the strike price. I have sold some covered calls Oct 4C on SUNW to generate some cash in my IRA account. I’ll let them go expired or get called away.

QQQ

Now the gap has been filled. QQQ is back at the 36 supoort level. Breaking down from here leads to the retest of the 34 support once again. Earnings, interest rate and the ongoing war are interplaying in the market, it’s hard to know where the market will go.

SUNW filled the huge gap and it’s on its way to 4.0!

QQQ

Now the gap has been filled. QQQ is back at the 36 supoort level. Breaking down from here leads to the retest of the 34 support once again. Earnings, interest rate and the ongoing war are interplaying in the market, it’s hard to know where the market will go.

SUNW filled the huge gap and it’s on its way to 4.0!