Is this a red flag or white?

[thecoder]

@7out, I really wanted to warn you exactly from such a scenario where all 3 loses since all 3 follow the same strategy, but then unfortunately didn't do, hoping it won't happen :-( I'm sorry for you all three+

 

[thecoder]

I think you can improve both the risk as well the profit to your favor by selling 2x calls. Check this:
https://www.optioncreator.com/stiyarg
In this case your profit zone is much wider (it enters the loss zone only if the stock falls below 2.60, which of course is very unrealistic from the current 7.9 to 9.30 range).

With the above strategy the loss would have been not that much.