i am long 1 ES and i have a put option, now I’m running with this put from septmeber and i made a nice profit already but i don’t want to lose the premium when the put will expire i was thinking to sell a call at the money that will give me some money for sure (I’m not looking to make any profits from the ES if it continues to run)
so what i am trying to figure out is where can i lose?
cause -1 call is protected with the future ES
and the future is protected with the option i have ( which…