I bought 1000 shares at $17.8 last week and sold 10 $25 03/20 CCs right away, thinking there would be no way to get assigned. The war broke out and Blacksky benefits from it pumping the stock really hard. Despite juicy profits, I’m not happy because I’ve made the same mistake to rklb, qqqm etc, which amounts to $20k loss last year due to closing CCs. Why don’t I learn the simple lesson that I should stay away from options. I hope this time is different.
https://www.reddit.com/gallery/1rkqexd
Posted by ccgogo123
5 Comments
you can always just let it exercise, and then accept that a capped gain is better than an unlimited loss
You’re buying growth stocks & are surprised when the expected catalysts cause them to rally. If you have conviction in the stock leave the calls alone
> Despite juicy profits, I’m not happy
With that attitude, you never will be.
You might as well just throw that on a hand of blackjack, you probably get more enjoyment.
Yep, been there done that (actually I was just looking at a position I am in right now and trying to decide what to do with it). Like I have heard before, there is nothing that frustrates a covered call investor more than getting maximum profit.