Submitted by moonyou22 t3_11dfyy3 in wallstreetbets
SokarDaGreat t1_jablqh2 wrote
Reply to comment by Thguru in and I wouldn't change this system for the world. by moonyou22
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.
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.
SokarDaGreat t1_jac1tlr wrote
Then you make a wash sale if its below your cost basis. Peak wsb. Stfu
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