I closed 2 lot(s) $ALB.HK 20250529 135.00 CALL$ ,4 of these calls were sold a day before earnings Premiums paid : $8.24 Premiums paid to close : $13.84 Resulting in a loss of $5.60/ contract. My repair strategy is to close out all of these at loss, and reopen 1 OTM put to offset the losses. Train of thought; rather get 1 contract exercised than all 4 called away. OTM strike chosen as the current price is a little over extended for my comfort. However will a low cost , even if my OTM calls gets exercised, I still walk away with some profits.
I closed 3 lot(s) $ALB.HK 20250328 132.50 CALL$ ,Trade Opened in 19/02 , a day before earnings. TP on 3 of the 4 contracts that I bought . Leaving one more open in case price rally even harder.