I just made the dumbest trade lol

W

wxytrader

I had 500 mara shares @ $20.50

I decided to close the position @ 20.30 to free up some funds, but I forgot I had -5 20.50 call contracts @ .55

So I sold the shares, which left me with naked calls, so I had to close them @ .60

I gave back all the premium I had collected for the calls when I could have just waited for them to expire on Friday since I didn't want to keep the shares anyway lol. I mean sure price could drop by Friday and leave me holding shares at a loss but still what a waste. :)


I'm thinking of buying back in and selling another atm call...
 
Last edited:
wxytrader said:
I had 500 mara shares @ $20.50

I decided to close the position @ 20.30 to free up some funds, but I forgot I had -5 20.50 call contracts @ .55

So I sold the shares, which left me with naked calls, so I had to close them @ .60

I gave back all the premium I had collected for the calls when I could have just waited for them to expire on Friday since I didn't want to keep the shares anyway lol. I mean sure price could drop by Friday and leave me holding shares at a loss but still what a waste. :)


I'm thinking of buying back in and selling another atm call...
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Good Morning wxytrader,

lol, I completely understand. I think we all done dumb stuff in trading atleast once. I know I did.
 
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