I bought a call option for 600$ soon after the earnings report. Since then, instead of cutting my losses, I kept averaging down. Ended with 70 options and $2700 loss 🫣😕
https://i.redd.it/q26l7ibe1jmg1.jpeg
Posted by theInquisitivePanda
14 Comments
stocktwitmike on
So cut loses when lose 97%? Got it
Miker1730 on
jesus dude, microsoft dead for at least a few months
rair21 on
This is the type are regardedness I come here to see.
Alpha_D0do on
So instead of buying calls at a lower strike and further out you averaged down on far otm short dated options?
Should have given yourself at least 3-6months
Japples123 on
OP did not take their own advice and probably won’t again
BigLexaproEnergy on
MSFT calls killing everyone
New_Regard_2025 on
You still have %3 to go why tap out now???
AllCapNoBrake on
We only know when to hold them, not fold them.
DragonFruit-_-777 on
You don’t belong here if you cut your losses
Suitable-Classic-174 on
Congrats
puggles123654 on
Ngl i exited all my microsoft call options. Its probably a good buy for shares and holding for long term. But right now everytime there is a supposed bottom it gets rugged even more.
Otherwise_Manner5759 on
That’s the issue with calls (expiration date kills you). I bought MSFU after it had already dropped 30%, so I’m only down 2%.
Top_Category_2526 on
I’m not expert in the field but cutting lose when you are down 97% it doesn’t look like a good deal
14 Comments
So cut loses when lose 97%? Got it
jesus dude, microsoft dead for at least a few months
This is the type are regardedness I come here to see.
So instead of buying calls at a lower strike and further out you averaged down on far otm short dated options?
Should have given yourself at least 3-6months
OP did not take their own advice and probably won’t again
MSFT calls killing everyone
You still have %3 to go why tap out now???
We only know when to hold them, not fold them.
You don’t belong here if you cut your losses
Congrats
Ngl i exited all my microsoft call options. Its probably a good buy for shares and holding for long term. But right now everytime there is a supposed bottom it gets rugged even more.
That’s the issue with calls (expiration date kills you). I bought MSFU after it had already dropped 30%, so I’m only down 2%.
I’m not expert in the field but cutting lose when you are down 97% it doesn’t look like a good deal
I might be wrong, i’m a trailer boy
Nice