I sold this CC when stock was trading ~180. Didn't anticipate quick price move up and never coming back down again. I want to hold this stock long term.
*from the future* its 2029, GOOG is at 1500 and this guy still rolling his $200 calls
Trueslyforaniceguy on
Yes, of course. You can always buy back in.
Siks10 on
Sell 13 CSP and promise yourself to never sell a call again 🤦
fishfeet_ on
You still have time but.. it’s so deep itm that I feel like it’s better to just have it be called away and just csp your way back into your positions.. but this is tough
I_HopeThat_WasFart on
this is why covered calls are almost always a bad idea unless you sell far OTM calls
I personally only sell ITM covered calls when I am looking to sell my positions, and not part of the wheel strategy (this is the strategie’s main flaw)
7 Comments
roll it over 🙂
*from the future* its 2029, GOOG is at 1500 and this guy still rolling his $200 calls
Yes, of course. You can always buy back in.
Sell 13 CSP and promise yourself to never sell a call again 🤦
You still have time but.. it’s so deep itm that I feel like it’s better to just have it be called away and just csp your way back into your positions.. but this is tough
this is why covered calls are almost always a bad idea unless you sell far OTM calls
I personally only sell ITM covered calls when I am looking to sell my positions, and not part of the wheel strategy (this is the strategie’s main flaw)
Why did you sell a covered call then?