Well I wasn't expecting such a calamitous drop! I collected $6355 in premium for the Nov29 and Dec27 expiries. My weighted average if assigned was 800 shares @ $21.75 which was the bottom of the range its been bouncing in since August....when you add in the premium received my break even was 800 shares @ $13,81, and then you factor in the 700 shares I just purchased @ 4.65 my break even drops to 1500 shares @ $9.53. Math check: 300 x 23 = 6900 500 x 21 = 10500 700 x 4.65 = 3255 Total: 20655 - 6355 = 14300/1500 = 9.53
why didnt you roll(close) the 11/29 23 puts down and out to the 12/27 21 strike?? Short at 8.60 and were trading around 2??
I guessed before you posted. Wrong guess. But the answer is still the same, you are underwater. Not much but enough to cause a little concern for a guy with payments.
Probably because you claim to know what you are doing, yet you have never posted a winning trade in real time. The trades you have posted have all been losers. No one really believes the winning trades you claim to have made. FWIW I belive you have a used Lambo. But as Shania says, that don't impress me much!!
Ok so you guys are just going to believe the losers not the winners?? lol that makes sense. I post winners btw...remember my 16k on gme or whatever it was? Do you consider collecting premium a winning trade because I could post that...not very exciting though. ftr I have collected more than the 7k I am down with SAVA from other premium trades, so still not really underwater.
See what I mean, the 16k you supposedly made on GME was reported after the fact. I would consider collecting premium a winning trade. Just post the trade when you make it. Then we can see how it plays out.
You wanted me to post that I was assigned GME shares? Do I have to remind you of the MARA trade that I posted where my entry was and I nailed it?
What I recall is that you lost money on MARA. Assigned at 28 and sold on Sept 11 and bought BITO. About the same time you bailed on GME. Oh yeah and at that time you downsized to have a little spending money. Can you see where we might have a little problem with your credibility.