Curious what everyone's play would be on damage limitation for my worst trade in history.
I have actually never had a run on an option this large go against me. Taxable account, bought shares at $12.
I sold 2 AMD covered calls: when AMD was 288 per share.
May 29 @ 310
JUL 17 @ 320
Pretty sure its just let them be called away learn from trying to make sense of this market. Regardless just curious if I am not thinking of a way to minimize the damage.
ty
AMD Covered Call damage limitations on the runaway stock price?
byu/ser_renely inoptions
Posted by ser_renely
3 Comments
Roll it out?
Let them get called, your trade meant you were happy to sell your shares at those prices. Stay happy =)
You can sell puts to get paid to get back in during consolidation.
You only lose money if you buy back the calls, I would not do that, either alone or as part of a roll. You sold calls for shares, got paid, congrats.
Sing with me…
Let it go, let it go
Can’t hold it back anymore
Let it go, let it go
Turn away and slam the door….