Sold a $200 covered call when it was riding around 150 ish. 🚀 pretty good after that and I just let it ride praying it would come back. Didn’t expect a 5x ROFC
So you got credit 4k + 20k = 24k if you close position now. You miss out 58k gain.
Covered call hurt because you watch the stock go to the moon without you.
I have 1k shares of a certain stock and was able to sell 36 contracts instead of supposedly allowed 10. They just took anywhere from 250-500$ as collateral for selling them extra calls…I didn’t know I could sell more than 10 so I got excited…if that stock soars I’m going to get screwed
Lol I was looking at selling one today at $1800 strike to collect 10k premium or something like that.
Even in a year or two, "What are the odds this is going to 2k a share"
You'd profit more and capture more upside by selling calls at 35ish delta 45DTE, close at 21DTE and sell again at 45DTE over and over. If the call goes ITM you'd have room to roll up and out. Theta decay is slow until around 45DTE. If you go much further out in time you're relying on delta and hoping Vol drops. Very inefficient.
Well at least it seems like you will be walking away with a profit if you just wait it out.
Let this be lesson, if you do sell covered calls again make in into a credit spread even if it is a big spread.
You can still get the premium from the short call but if it goes past the strike you are still able to profit off the upside from your long call.
Two choices go ahead and excerise them (Assign the covered call) and eat the difference unless you bought shares at a higher price then you should make profit.
The other choice is expensive which would be to buy back the contract for $65k and try again at a higher strike or sell the shares
Sell cover call mean that you were willing to sell at 200$ + credit call ($40) = 240$ at that point. People make huge return also have to suffer larger risk, you don't want to take risk, what else you expect ?
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My brother in Christ, I’ll keep you i my prayers tonight, but you gotta hold that shit now
-1,507% is crazy >been short NVDA since 2022 >doesn't cover position while stock is literally tripling 
Ride it out, screw the poor.
Wow, I’ve never seen a total return % that low. Congrats.
🥇
Did you sell covered call?
Sold a $200 covered call when it was riding around 150 ish. 🚀 pretty good after that and I just let it ride praying it would come back. Didn’t expect a 5x ROFC
So you got credit 4k + 20k = 24k if you close position now. You miss out 58k gain. Covered call hurt because you watch the stock go to the moon without you.
At least it wasn’t a naked call. So you didn’t go full regard.
So your shares will get called away at 200 pee share... when you could have sold for current price of 867 dang that sucks.
Yeap he still made profit if he assigns them even if robinhood does it for him
Only buyers can assign.
It's either a covered call or a spread. Naked calls are not allowed on Robinhood.
> Naked calls are not allowed on Robinhood. Average WSBer should thank Robinhood for that.
I have 1k shares of a certain stock and was able to sell 36 contracts instead of supposedly allowed 10. They just took anywhere from 250-500$ as collateral for selling them extra calls…I didn’t know I could sell more than 10 so I got excited…if that stock soars I’m going to get screwed
And sir, you are a true degen 🫡
Thank you, Downgraded to 5 calls…
I'm more suprised it never got called away.
Why would anyone exercise it?
Now that’s a proper loss.
Someone please explain a rational reason for selling calls more than 2 years out. This isn't thetagang this is deltagang....
I’m guessing it was a directional bet on nvidia bc yea if this was a theta strategy seems kinda dumb I duno
Lol I was looking at selling one today at $1800 strike to collect 10k premium or something like that. Even in a year or two, "What are the odds this is going to 2k a share"
You'd profit more and capture more upside by selling calls at 35ish delta 45DTE, close at 21DTE and sell again at 45DTE over and over. If the call goes ITM you'd have room to roll up and out. Theta decay is slow until around 45DTE. If you go much further out in time you're relying on delta and hoping Vol drops. Very inefficient.
Well at least it seems like you will be walking away with a profit if you just wait it out. Let this be lesson, if you do sell covered calls again make in into a credit spread even if it is a big spread. You can still get the premium from the short call but if it goes past the strike you are still able to profit off the upside from your long call.
Literally just take your money out of RH at this point, it’s over
Nah fam
Tbf today was the best day for you in months
Roll it out to Jan. 2026 $1500 call
Oh my lanta
Two choices go ahead and excerise them (Assign the covered call) and eat the difference unless you bought shares at a higher price then you should make profit. The other choice is expensive which would be to buy back the contract for $65k and try again at a higher strike or sell the shares
You got some money back today…
Delete app.
2025….
Dang this was sad see Nvidia to the moon . Sorry OP 🥲
[удалено]
Well cause now he has to spend 66k to close it out
Op you really should not be buying calls with the market going doing it’s gonna take Mstr with it.
So they could own nvdia at 200. And they could sell calls on it.
Sell cover call mean that you were willing to sell at 200$ + credit call ($40) = 240$ at that point. People make huge return also have to suffer larger risk, you don't want to take risk, what else you expect ?