samppa
Active Member
Well, if you were planning to sell those shares anyway, doesn't seem like such a bad outcome..I have been rolling AAPL covered calls out for trades I would never have accepted in the beginning. I have resigned to let them get called away at $180 in April. I don’t wanna buy back for $20,000 the Covered call contracts I initially sold for $100 when the IV was at its lowest in hundred years. If you beat my -20,000% trade I will give you my eternal degenerate option trader respect. At least these 1700 AAPL shares will let me buy 300 extra TSLA shares or 200 after taxes. This is a *almost* a well thought move in retrospect. To force me to sell AAPL to buy TSLA. At least it was a learning experience on how covered calls could go wrong. Who needs AAPL dividends anyway? :X
Good luck to you in your recovery. Hope your wife doesn’t laugh at you every time she pulls the ticker symbol to make fun of my learning curve. I guess that’s part of being with an engineer who only understand numbers
I sold one lot at 1050. Almost broke even on that.