What started just a couple of weeks ago as an easy ride into expiration turned around on me very quickly, especially in the last few days before today’s relief. I’m still not sure what to think with where the markets are heading over the next week/month and so I started
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What started just a couple of weeks ago as an easy ride into expiration turned around on me very quickly, especially in the last few days before today’s relief. I’m still not sure what to think with where the markets are heading over the next week/month and so I started adjusting some of my positions today to remove some risk.
Based on how the underlying stocks moved after my trades today it looks like I might have picked the wrong ones to exit as soon as I did, but that’s how it works. Not every trade can be profitable and made at the right time. I’m moving on with minimal realized losses for now and live to trade another day. I’ll probably sell a few more covered calls on Monday or maybe even another naked put or two if we appear to be heading higher again.
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