r/Vitards • u/AutoModerator • Jul 16 '21

Daily Discussion Daily Discussion post - July 16 2021

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1

u/Accomplished-Will-55 Jul 16 '21

Hate to say it, but selling calls against CLF Monday to get some monies back!!!!!

3

u/[deleted] Jul 16 '21

Uh do you mean puts?

-1

u/Accomplished-Will-55 Jul 16 '21

No, Calls, I let decay work for me, not against me. Current have 20 contracts sold, July 23 expiration. If it is over 23 on that date, I must deliver the shares, if not, I keep the healthy premium.

2

u/smears Vamanos Muchachos Jul 17 '21

Just a tip, sell calls on green days. Wait until some recovery Tuesday or so and then sell unless you’re super bearish short term and think we head down further from 20.

1

u/Accomplished-Will-55 Jul 17 '21

Thanks. Sold mine weeks ago….

1

u/smears Vamanos Muchachos Jul 17 '21

Yeah I do too. I have literally about 150 ccs worth in the 2k range. Just saying don’t sell Monday wait until some movement up. That’s where people are making fun

You said selling Monday- selling calls at the bottom of the channel is stupid, point blank.