added one more short call @2.11 around the close. average cost 2.50, -6x calls in total. the position shows +250 in unrealized profits. i need to post a chart to illustrate how terrible my entries have been.
sold 2x 92 June Puts for 1.60 when SPY was around 93.25. I want to lock in some gains on the short calls.
I agree!!! Selling naked calls makes me a little nervous! (And then some!) At lease with Put selling, the pain stops at $0... Great post bro!
True on the spy. And, doubling in a month? Lol! I also agree on that. I should have read what you were trading before that reply. Lol! I'd say big chance the calls expire worthless. You should be in good shape. Now selling naked calls on stocks? Ouch! I got burned on that once, and learned my lesson. Lol