Should I sell covered call or cut loss?

[deaddog]

That might be true in intra day, but not swings.

The market still doesn't care where you bought.

 

[Nobert]

The market still doesn't care where you bought.

Ogh. Good old classics. If only those were as practical as they sound.

 

[deaddog]

Ogh. Good old classics. If only those were as practical as they sound.

They are!!

 

[Nobert]

They are!!

In long swings , as OP is doing ?

 

[deaddog]

The trade went against him. Doesn't want to take a loss. Now he is confused. I'm guessing he didn't have an exit plan.

 

[Nobert]

The trade went against him. Doesn't want to take a loss. Now he is confused. I'm guessing he didn't have an exit plan.

That's why i said :

Depends on what you're holding & how deep in the red are those.

And if he had , say e.g $VRTX, he would not need to worry.

 

[bone]

I've seen some really nasty things happen when someone tries to "hedge" or lay off a big stinker.

 

[zdreg]

That might be true in intra day, but not swings.

The market doesn't care if you are a swinger.

 

[Nobert]

The market doesn't care if you are a swinger.

Lol

 

[zdreg]

Lol

That is what the OP is looking for