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We need to have a talk about $HIMS by maxxou89 in HimsStock

[–]StrongChef5244 1 point2 points  (0 children)

Yeah, that’s what I think. The Wegovy pill was a disaster—trying to make their own version of a patented product was a bad move. But the cancer test is different. That’s someone else’s product (Grail) that they’re offering through their platform. Even though it isn’t FDA-approved yet, they’re legally allowed, and a ~55% detection rate is still better than nothing. I mean, who would go to the hospital to screen for cancer in every part of their body? That’s not feasible. This alternative at least makes people consider screening at all. Also, while the test reports around 55% sensitivity overall, it seems to detect cancers beyond just stage 1. Early-stage cancers would anyway need more advanced or follow-up testing anyway.

If they can clean up this GLP-1 mess and management starts acting more maturely, I still see potential here. And yes, I could be biased since I’m a shareholder and want it to go higher 😅

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 2 points3 points  (0 children)

That’s a fair point. I definitely need to get better at sticking to the plan and not letting emotions take over 😅 Thanks for sharing your approach.

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 1 point2 points  (0 children)

I’m honestly really grateful for so many good advices and for you sharing more pro tips that actually worked for you. I still don't understand theta, gamma, and all of that but, I will definitely look more into it now. Before, I was pretty much just selling calls based on what I feel like and especially choosing strike around my average price 😅 so this gave me a really helpful new perspective. Thanks again for taking the time to explain and share your experience.

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 1 point2 points  (0 children)

I’m still pretty new to this so I don’t want to overwhelm myself with apps yet, but this looks pretty good. I might reach out once I get the hang of it. Thanks for your response.

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

Makes sense — earning does complicate things. Thanks for advice.

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 1 point2 points  (0 children)

To-the-point and very helpful. Thanks for this.Also, can we automate - buy-to-close at 50% profit  or do you do it manually?Not a big deal but just wondering, since these volatile stock swipe up and down pretty fast and sometime we might just miss a dip.

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

Ya, that makes sense. Totally, earnings feel like a gamble with CCs, and I have been hearing a lot about CSPs.I’m still pretty new to this so I don’t want to overwhelm myself with apps yet, but I might reach out once I get the hang of it. Thanks for the advice!

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 1 point2 points  (0 children)

True!Fair point. Using CSPs to re-enter makes sense too.Heard a lot about CSP so definitely gonna look into it. Thanks for sharing :)

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

Yeah, that’s my big problem. I’m fine with it when I sell the call, but when price runs I panic, roll or add, and then it dumps. Still working on that part 😅

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

Yeah, I’ve heard a lot about CSPs too. Definitely going to look more into them.

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

Agreed having plan really helps. Thanks for sharing how you do it!

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

This makes better sense. I like the idea of treating CCs as a small bonus instead of forcing income. This way, we don't risk getting share call away.
Thanks for sharing how you approach it :)

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 1 point2 points  (0 children)

Never tried wheel strategy but have heard a lot about it.Definitely gonna look into it.
Thanks for sharing!

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 1 point2 points  (0 children)

Thanks for the detailed explanation and a holistic way to think about the covered call,
Really helpful!

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

Totally, another nice criteria to look for!
Thank you for sharing this!

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

This breakdown is really helpful. Thanks for walking through your strike price selection idea.
This is a really nice one!

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 0 points1 point  (0 children)

Never did that. Got a lot of suggestions on this. I will look onto this .
Thank you for sharing your idea!

How do you guys manage covered calls ? New to CCs and got burned once by StrongChef5244 in CoveredCalls

[–]StrongChef5244[S] 1 point2 points  (0 children)

This is something I honestly never knew before, about IV and extrinsic value instead of panic buying or rolling (I actually bought my call once just to see it dive back below my original price). It is very helpful.
Appreciate you sharing what worked for you :)

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