The professional way they bought my calls

I sold some calls today. The buyer seems to have done a very professional job by shorting the underlying stock over ~40 minutes after buying the calls. They locked in a $0.05 / share profit if they take delivery, or they may make more if the stock falls below the strike price prior to Friday at options expiration.

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Whoever bought my covered calls sold / shorted those shares over the next 40+ minutes for about five cents more than break even.

If they take delivery they make $0.05/share. If it falls below strike on Friday EOD, they make more when they cover. □

— Jeff Cohen @ US Adv. Computing Infrastructure Inc. (@chicago_quantum) November 15, 2023

The buyer is positioned to ride this position out until expiration.

We both still have the option (pun intended) to close out the position before expiration. If we do, I get to keep my shares. The call buyer would receive premium, then cover their short by buying back stock.

I am writing this up because I have made the same trade three times in the past few days. The first two times I think the call buyer was either retail, or not professional. They held a naked call position, and bought back my calls at a very low price, right around market close. I even saw a comment in StockTwits that said something like 'darn it, my calls are getting killed.'

This last time, the calls retained their value such that if I wanted to, I could buy a bunch of stock, sell more calls, and if they take delivery I lock in around $0.05 / share profit.

If you want to better understand this, please give me a call.

​Maybe we could set up a consultation for $250 and I will walk you through the trade. I am not keeping this trade data stored on my systems, so I would show you where to find the data.