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Thguru t1_jaargux wrote

Reply to comment by suasposnte187 in and I wouldn't change this system for the world. by moonyou22

Woho Woho I didn’t come to wsb to find logic being spit out

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SokarDaGreat t1_jablqh2 wrote

You didnt lmao, it only works out in your favor if the shares you have as collateral against the covered call are above your cost basis. If you are down pretty good and just selling CC’s to recoup some losses and then get early exercised you sold for a loss. Then as usual the stock will run up after the assignment and youll be sitting there with your dick in your hand and the shitty premium.

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Camel_Sensitive t1_jac0tdx wrote

This has nothing to do with the fact that you received free premium and can buy the stock again. Peak WSB's.

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SokarDaGreat t1_jac1tlr wrote

Then you make a wash sale if its below your cost basis. Peak wsb. Stfu

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