This has got to be the third or fourth time I’ve perfectly timed options, in exactly the wrong direction. Bought AMD calls a couple months ago (too early), expired worthless. Sold AMD covered calls more recently (too late), and the stock rocketed. I have concluded the only reasonable explanation is that the MM’s are watching me and sabotaging me specifically.
https://i.redd.it/rue6xg26610h1.jpeg
Posted by Baconknobs
33 Comments
You sold naked calls on amd?
And to think, if you had taken the money you wasted on options and bought lottery tickets you’d just be plain old retiring…
Expensive lesson but if you do retire, you’ll probably be better off. This sub is fun but for most people, it should remain wild shit you see on the Internet, and not actual financial advice.
Just do the opposite of what you would normally do and you’ll be snorting coke off a Thai ladyboy’s pecker full time in 6 months
Maybe take a look at your technical analysis. I got a signal 2 weeks ago on AMD weekly chart, bought calls for 2 months out, and now Im up 2k->26k
lmao they definitely got personal algorithm running just for you at this point, maybe try doing opposite of what your brain tells you
Oh my god man. Never fucking sell calls unless you own the underlying asset. Be glad you didn’t lose more.
Have to love advanced money destroyer destroy regard money when it moves to the moon.
I hate covered calls. They have always screwed me up on a lot of money I could’ve had, including losing 1200 shares of PLTR@$28. My friends told me to sell covered ccalls on my AMD shares. Good thing I didnt because holy shit AMD flew.
Retiring from options? Pfft. We’ll see you on Monday.
Can you tell me next time you do something like this? I’ll do the opposite.
Rookie numbers
Options are retiring from YOU.
One more play to turn it around. The next one is a sure thing
Forced retirement actually means MORE work
You hit max profit. Stop trying to make people believe that you lost big.
welcome, you have officially been knighted
Hey man, that’s not great
Roll them out for a year and buy them back when it corrects
Then resell
If you weren’t planning on flipping the shares it really doesn’t matter
You technically made money, since these are covered calls. Just ignore the red and wait for assignment.
Hey op can u buy puts on meta
Not proud of it, man enough to post it. Proud of you. You belong here
>selling covered calls during earnings season and being surprised you got burned
Amazing, losing this much money in this environment and you’re not even a 🌈🐻!
No don’t quit, the next one will be different.
This is how something goes down -600%. Dawn power wash.
See ya Monday
As least yuo didn’t sell naked calls
Totally anecdotal but I was consistently losing money with Schwab. Switching to another broker took that streak away (Fidelity, Vanguard, etc). Made good money with TDA as well, so pre-Schwab. So either Chuck is cursed or he’s watching and fucking us over.
See ya Monday
You really thought it was gonna rip that hard huh
these are my kind of numbers
Leave trading before trading leaves you.