Well if selling puts for premium you will accumulate in a downturn...so holding is inevitable. This will recover when MSTR recovers so I can wait it out...it's not like it's my only trade or my entire portfolio which is what every punter on here thinks when you post a position.
The 2X BTC ETF is still up 50% above BTC so not too bad. MSTU vs MSTR is basically a draw (122% vs. 109%) so the leverage got you 12%. Obviously the volatility of MSTR is way beyond even IBIT. This is a chart of UDOW SPXL TQQQ from 12/31/2021 up to yesterday. So the UDOW & SPXL have done okay but TQQQ is down 17% vs QQQ +25%. Of course TQQQ was down 80% at the bottom. SO if you bought TQQQ at the bottom it is up 315%.
Smart traders dont sell calls on positions deep in the whole.. You are going to pick up pennies and give up all upside above breakeven??
Who's selling calls deep in the hole? I gotta say the lack of reading comprehension around here is astonishing.
Ah I knew it. Had I averaged down my weighted average would have been 8.59 so almost break even already. This is without factoring in all the premium I have received. This is a perfect example of why you punters don't have lambos...nothing but doom and gloom, it's going to zero lol. And this retrace has barely even started lol. @cesfx @nitrene @maxinger
ok doubled down with an avg fill of $3.89 so my average is now $8.16 not including premium received. With premium my avg is 6.36.
Well I'm up big on my double down shares...with FIFO when I sell off the shares @ $12, the remaining shares will be @ $3.89...but technically I am up.