Thanks guys. Much appreciated. This is definitely a learning experience and a lesson in patience.frankm01 said:Glad to hear things are getting on track for you now. Its been a rough patch for sure. Keep it up.ag94whoop said:Thanks! Been doing exactly that. I reduced remaining position from 2200 to 1000 shares. Then sold call on 500 shares @ $5.20 for next week at $22 strike.Swollen Thumb said:Take this gift as an opportunity to reduce your position and actually book profit which will lower your basis on remaining shares if you plan to hold long term. It could run to $30...or it could go back to $11-$12. But you have been very vocal about how stressed out your position in CLOV has made you over the past few months, so now is the time correct that.ag94whoop said:
I screwed myself yesterday on CLOV by selling so many covered calls against my share literally right before the runup and totally didnt anticipate the level it ran. I bought back the calls and lost a lot of potential profit but frankly was able to take a profit on over half my shares.
Now with the remaining shares, I am trying to get a feel for the direction of the market as a whole and the direction of CLOV specifically before I decide to sell more CCs or just exit the position and be done with it. This run came several weeks earlier than I ever thought and with my mistakes, I lost out of a really large day of profit. I am happy with some profit of course, but want to be smarter next time around.
Holding 500 shares to see what happens the next few days. Have a Day limit sell set at $23 in case it surges and I am not looking