MSTR: sold my holdings at $340 as part of my covered calls that went in the money at closing.
By all counts, this is a badly timed trades. MSTR closed at $$396.5 so I've forgo $5650 profits just for this 1 sold call contract.
However, potential profit on hindsight could cloud my judgement. I've sold cash secured puts at $340 and MSTR went below, got assigned and resold the week after at cost $340 and got exercised.
Collected decent premiums from the cash secured puts and covered calls all within the same month and freed up all my capital back for other trades, so I'm considering this a big win for options wheel strategy.
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- DeltaDrift·01-21Covered call locked in your profit and partially covers downside risk… great strategy for consistencyLikeReport