I helped create a market for CAR $445 26/04/17 calls by selling a naked call.
u/random20190826 ·
Reddit — r/thetagang
· April 11, 2026 at 14:26
· ⬆ 20 pts
· 💬 38 comments
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I was watching CAR explode to the upside for the past few weeks. Finally, at market open yesterday, I sold 1 naked call for the stock, $445 26/04/17, for $3.16. If you look at the $450 and $460 strikes, there is no price. But the $445 strike has a price, and I helped create it. I sold the call because it was the highest strike available to sell at the time, and I was betting that the stock is way overextended anyway and the chances of a 50% move up in a week is nil. From what I understand, the $445 call was just created before market open, and I decided to give it a shot and ended up filling. Unless something crazy happens, it is an easy $316 for a week.