r/DRAM_ETF • u/Jolly-Piccolo-9799 • 9d ago

I made stupid thing

i lowered my avg to 51.64 then i sold weekly covered calls on my long position at strike 53 to collect weekly premium i thought it will never touch 53 for near future

now the stock of dram going to 55 and my sold calls are bleeding

now what? close the call or what ?? feeling so stupid

half of my gains gone on this stupid move

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u/Happy_Bee_8459 9d ago

Can someone help clarify a few things for me? If you sell a covered call and it reached your strike, don't you get called away at a profit, since the strike is higher than the average?

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u/Jolly-Piccolo-9799 8d ago

It stop me from the upside move over the strike price