First time rolling a call, trying to understand it properly.
Purchase Price: $23.30 Sold 4 CCs @ 27 strike
1/16 tomorrow expire
Current price over $28, thinking it’ll hit $29+ by tomorrow
Debit of $600 if I roll to $30 strike with same expiration of tomorrow
Does it make sense to roll up my calls to a higher strike but same expiration or just let them get called away? I am fine selling at the $27 strike, but want to understand if rolling would net some more profit, assuming price goes to $29. Thanks.