Seeking Advice on SHOP Covered Calls Today

[capper]

I am just looking for some feedback on this.  I own 500 shares of Shopify (SHOP) on the TSE.  I sold 5 covered calls on them, all to expire tomorrow.  2 of them @ 67 strike price and 3 of them @ 70 strike price.  The stock is up 23.7% on teh day currently and @ 78.00 as I type this.  Should I roll any of them?  Should I just let them be taken from me?  Or should I close them out?  Any advice is appreciated!  FYI, I bought 200 of them @ $65.00 and the other 300 @ $64.50 / share.  I am wondering what the best course of action would be in this situation...!

[Kim]

You can roll to higher strike if you believe that the stock is going higher. I would definitely not close them because you would be closing for a loss (likely), and if the stock retreats, nothing will protect it. If you let them expire, they would be automatically exercised and be offset by the long stock. 

[capper]

Thanks for clarifying and laying it out for me.  Yes, I am aware of the options, just not sure which one to take!  I chose to let it sit overnight and I'll see where it's at in tomorrow's final trading day before expiration.  I'll probably let it get assigned unless I can roll some of them at a very reasonable price.  Thanks