Profit is still profit
But who tf would have thought the market rally the fastest in history in the middle of the war.
And especially AMD up 60% in 3 weeks
Missed out 8-9k profits lol
Sell Covered call gone wrong
byu/DishAffectionate2731 inwallstreetbets
Posted by DishAffectionate2731
12 Comments
Selling covered calls can never go wrong by definition.
now sell a CSPut, don’t miss the rally down
If you sold covered calls, it means you were planning to sell the stock at that price anyway. Now you get to collect the premium as well. So that’s a win.
If you had a different intention when you sold the covered calls, that’s just you being an idiot sandwich
Fuck it profit is profit. Been up 100%s some penny shit 1000s% on some shit to go to -%. Thats why I sell take profits and move on.
You could have bought the call back at some point and resold at a higher strike price. You may have had to do this several times to make up the loss on your buy back of the call, which theoretically could be offset by a higher strike price of the stock if eventually sold.
OP, if it makes you feel any better, I “lost out” on 20k profit a few weeks ago on CCs.
maybe don’t sell options when markets are leptokurtic ?
What to be a real degen buy some nat gas.
Lol buddy I have a $240 covered call for 7/17 I’m hoping for a rally down
Why you didn’t roll the position? You get more money
Covered calls has no place in WSB. They are also a negative bear play
If you are on a high beta stock.. well you just found out that the bigger risk is missing out on the gains when you hit it right.
Read this as AMC and was confused. That one only goes down.