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Thank you Taowave! I guess I am not as smart as Buffet, hence I am not as rich !-)

Thank you Secatu for your encouraging words. I have a cash-covered put. We are near retirement so our portfolio contains a large portion of cash. I will heed your word and keep learning (and try not to make the same mistake twice).

Thank you all for the advice, especially BlueWaterSailor's. Your points gave me some insights into how to proceed. I will evaluate the situation and make my decision, including having a game plan. To answer you on point 4, I looked at the fundamentals and I think the stock is very solid and will...

Hi, I am a newbie and not an option trader. Normally I do buy and hold on stocks/ETFs I like. I watched a bunch of option webinar via Fidelity. So I decided to try some basic option trades. I mainly focused on stocks that I like to own, but think they were too expensive at current price. So I...