Just fucking buy SOXL it’s up about 800% the last year.
Haunting-Ad4898 on
2028??? bro what was the plan here 😭
Progress-Note on
Bro grandchildren will be rolling his calls 💀
MattDinOC on
So what happens here? At this price you’re not going to close the positions, right? So you wait until either you get assigned (and they buy your shares from you at the strike price?) or else the underlying price tanks and gives you a chance to buy the contracts back?
EntertainerDowntown3 on
Looks not good now. Still locked in a huge premium and Soxl should head back down after this biggest run in history which will bring down the premium on the calls extremely fast and you might actually make more money selling the calls than not.
Ricechinksta on
Roll it to a later date with higher price until you get yourself out. If it gets called, at least you get it at a higher price?
EntertainerDowntown3 on
Nothing since it’s 2028 I’d wait for Soxl to pull back 40% at least which from now until then will probably do a couple of times and buy back the calls or even just let them ride.
14 Comments
Why in the fuck would you sell covered calls on 2028 options lmfao
https://preview.redd.it/ll9s7bpx0owg1.jpeg?width=1408&format=pjpg&auto=webp&s=b8a1c9588680743d0e0420c8662f727dfcef547e
Bruhhhh.
Just fucking buy SOXL it’s up about 800% the last year.
2028??? bro what was the plan here 😭
Bro grandchildren will be rolling his calls 💀
So what happens here? At this price you’re not going to close the positions, right? So you wait until either you get assigned (and they buy your shares from you at the strike price?) or else the underlying price tanks and gives you a chance to buy the contracts back?
Looks not good now. Still locked in a huge premium and Soxl should head back down after this biggest run in history which will bring down the premium on the calls extremely fast and you might actually make more money selling the calls than not.
Roll it to a later date with higher price until you get yourself out. If it gets called, at least you get it at a higher price?
Nothing since it’s 2028 I’d wait for Soxl to pull back 40% at least which from now until then will probably do a couple of times and buy back the calls or even just let them ride.
https://preview.redd.it/eey6544sjowg1.jpeg?width=394&format=pjpg&auto=webp&s=2a098acd6d801784bc48fc278148a2ff1a97bdec
Did you just hate money or what?
Covered calls on memory is hilarious
So what’s that put you out atm $44,000?
Oh man this makes me feel so much better about my 85cs