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GME OPTIONS QUESTION
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I have a question for the group. Have a GME $29 Call expiring 7/19. I don't have enough cash in my account to exercise the call. My overall average cost for the rest of my GME shares is $32.05. If the price were to go to $31, $32 or even higher by Friday would it make sense to sell $2900 worth of those shares and then exercise the call...in essence bringing my base price of $32.05 down while at the same time gaining a couple of shares? Not looking for financial advice. Just curious if this is something I have come up with in my head that wouldn't actually work out or is this something that people sometimes do. Also, it's an IRA account so not worried about paying taxes on it.

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4 months ago