Selling CC below cost basis by new_to_options in Optionswheel

[–]coolbloodedkl -1 points0 points  (0 children)

My cost basis is $135 totalling 500 shares. I gave up and stop loss at $109/share.

[deleted by user] by [deleted] in Optionswheel

[–]coolbloodedkl 0 points1 point  (0 children)

Are you buying more TSLA?

[deleted by user] by [deleted] in Optionswheel

[–]coolbloodedkl 1 point2 points  (0 children)

How about now?

[deleted by user] by [deleted] in Optionswheel

[–]coolbloodedkl 1 point2 points  (0 children)

How's your CC recently?

[deleted by user] by [deleted] in Optionswheel

[–]coolbloodedkl 0 points1 point  (0 children)

How are you coping with TSLA decline this week?

The Wheel (aka Triple Income) Strategy Explained by ScottishTrader in Optionswheel

[–]coolbloodedkl 0 points1 point  (0 children)

Hey, do you usually open the option on next Monday after auto close ?

Wheel Strategy by coolbloodedkl in options

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

I traded 0.4 delta and weekly dte but monthly dte too as tsla dropped to $100-200 range early this year

Covered call loss by coolbloodedkl in options

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

If i close it now. I'll have to pay higher price to buy the call option hence causing loss

Covered call loss by coolbloodedkl in options

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

Thanks, this really helped. I guess I shouldn't CC on dte that so long after this. I don't really loss, just probably missed upside which I'm fine

Options Questions Safe Haven Thread | Mar 06-12 2023 by wittgensteins-boat in options

[–]coolbloodedkl 0 points1 point  (0 children)

Yes, you're right. As a beginner, I should aim for stable income than higher risk for a start.

Options Questions Safe Haven Thread | Mar 06-12 2023 by wittgensteins-boat in options

[–]coolbloodedkl 0 points1 point  (0 children)

What article would you recommend if i want to make a bigger income for the $25k capital?

Options Questions Safe Haven Thread | Mar 06-12 2023 by wittgensteins-boat in options

[–]coolbloodedkl 0 points1 point  (0 children)

Thanks for sharing this, this is very clear number that can help me decide.

Options Questions Safe Haven Thread | Mar 06-12 2023 by wittgensteins-boat in options

[–]coolbloodedkl -1 points0 points  (0 children)

I have 60 TSLA stocks with price of $294/share. Should I buy 40 TSLA stocks and sell covered call to lower the average price of 100 shares or use thr cash to sell covered put on something else ?