I have 100 shares of XYZ. I felt today it’s going to be Bearish Trend, so I opened a position, STO call at $10.00 (2 Weeks Expiry). Next day premium value is $5.00 and it’s going to be Bullish again. So I closed position, BTC at $5.00.
Can I keep do this transactions? (Open STO at higher price, Close BTC at low price) instead of waiting till Expiry and Opening new position.