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wxytrader said:
Sry didn't mean to post this yet...thought I was previewing it.
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Ok so I have been selling atm puts CLSK...got assigned at 20.5, and price has gone totally against me, and I'm still up $ because of the premium. Currently I am holding 300 shares at an average price of $14.98, selling a MAR15 $18 call for .50, not including the MAR15 16 put I just double dipped with taking in another $230. :) I don't know why I didn't do CSP years ago...its impossible to lose money! BTW same deal with MARA :)

Half the time I don't even know what's going on in the market...totally forgot to trade yesterday.

Can you imagine if I had been forced to keep closing my puts because they weren't cash secured taking losses? I reiterate, unless you can afford to hold the shares in options, you are just chasing your tail!
 
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wxytrader said:
Ok so I have been selling atm puts CLSK...got assigned at 20.5, and price has gone totally against me, and I'm still up $ because of the premium. Currently I am holding 300 shares at an average price of $14.98, selling a MAR15 $21.50 call for .50, not including the MAR15 16 put I just double dipped with taking in another $230. :) I don't know why I didn't do CSP years ago...its impossible to lose money! BTW same deal with MARA :)

Half the time I don't even know what's going on in the market...totally forgot to trade yesterday.

Can you imagine if I had been forced to keep closing my puts because they weren't cash secured taking losses? I reiterate, unless you can afford to hold the shares in options, you are just chasing your tail!
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I thought I was being clever and would get at least a face palm emoji in relation your last thread! hahaha
 
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