This is a Danish option. Current position: long 30 CALL Strike 280 exp July 2010 - debit 69 short 30 CALL Strike 290 exp marts 2010 - credit 34 I sold the CALLs when the underlying stock price was near 310 and the stock has now gone up to 360. There are no on-line prices for the strikes as they are deep in the money. My calculator estimate current prices to be: long 30 CALL Strike 280 exp july 2010 -> 84 short 30 CALL Strike 290 exp marts 2010 -> 70 My idea was to wait for near exp at marts and buy back the short calls and sell again in July at the same strike (290). I'll earn the current time-value and get more time-value in the July period and see what happends. At some point I would also roll the long call to September maybe a higher strike (290) and make the write again for the short calls â and basically continue this. I have a limit here that my long call strike must be the same or lower that my short calls. But what would be the best next move? Given that I think the stock can stay at current level (360) or go higher?