CPDAggie10 said:
I realized I am too heavy in MBIO and got greedy and didn't trim shares/sell CCs when it was approaching the $4 mark. If I follow the rules I could've been in a position to buy back those today.
I'm in the same boat with this one. I was not expecting this stock to behave as cyclical as it has, so now I'm left bagholding. I did sell all of the calls I owned at the top and sold $2.5 puts one the descent, but I did not take any profits nor sell covered calls on my shares. Lesson learned.
I've also gone in a bit too heavy on WWR. I had a lot of BA profits and wanted to jump in. I've sold $7.5 - $12.5 calls on 60% of my WWR shares, so at least I'm working those. However if I'd have been a bit more patient on my entry this week wouldn't have been as red. Another lesson learned.
Lastly I've been bit with getting stopped and missed selling opportunities recently - just a difficulty to navigate while working a lot of hours for my real job. I try to focus more on swings and medium term plays, but still get bit at times neglecting the trading portfolio. It's a balance I think I'm getting better at. For 2021 my goal (besides piling cash) is to focus on profiting from premium. I have traded options for over 10 years, but rarely have sold options with the primary focus of cash generation. Typically I've sold puts as an entry or bought calls to leverage potential upside. I've benefited a lot from picking the brains of family and friends and reading this board this year.