I prefer to trade liquid options and have a wheel trade on constantly. But some stocks I own have more illiquid options. I did some maintenance on 2 of them today: MOD and TEX.
In MOD, I was short the Dec20 115 puts, sold at 5.55 in mid November. I bought them back today at 0.55. But there wasn’t a lot to sell to replace it. Because the stock oscillates …