UWMC back from the dead

MavsAg said:

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UWMC back from the dead

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Sold half of my shares yesterday. You're welcome

Nobody that profited from CLOV can complain about profits!

Signed,
Your buddy that sold for loss a while ago to get cash to pay for new a/c!!!

trip98 said:

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Nobody that profited from CLOV can complain about profits!

Signed,
Your buddy that sold for loss a while ago to get cash to pay for new a/c!!!

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Not cool at all. Well, except for the air in your house

Bearish bactrian

zwhag2010 said:

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Carlo4 said:

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sts7049 said:

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i see strike prices for CLOV have grown to 40 now for next week expiration...

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Holy crap. I took my profits and ran yesterday as I didn't expect it to keep going like this. Very happy with what I have unless this goes to 100.

No ragrets

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Dear diary alert:

I have a knack for not selling covered calls on stocks where it's perfect for doing so... Early days of MGNI, WWR spike, ELOX, CWH

But also selling covered calls or sell way too early on stocks that go on crazy runs: QD, MGNI (sold at 19 then proceeded to run to 60), MVIS (9 &10 cc then proceeded to run to the 20s shortly after),

And don't get me started on buying options

And now CLOV:
was in at 14, averaged to 11,
sold 1 covered call at 16 after 35% gain,
next day sold half (200shares) at cup completion (16.5),
and after almost a 65% run in 2 days I sold a covered call for remaining shares (100) at $20.

And now it's pushing 27-28.

It's all on me, I have made money but have been leaving significant money on the table.

I have learned so much in a short time and I have a lot to learn still. I know I have violated/contradicted many of the trading strategies/rules (even though I strive to stick by them), it just hurts missing both sides of it.

That all being said I look forward to the next trade/mass accumulation to make more money


Sorry, rant over... Proceed with your daily scheduled programming.

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I thought I was reading my own diary at the start here. Didn't sell covered calls on WWR like I should have a long time ago and took a similar path on MGNI and MVIS by selling them too early.

CLOV however, is where we differ. I f'ed this up from the start by buying too big of a position and then trying to average down too early. This didn't leave me much room to buy more when it really took a dive down into the $7 range. Since my average cost was still like $14.50, I didn't sell any covered calls on the recent spikes in the $10 range. I was worried it would continue to spike, I'd get called out, and even after bag holding for so long, I'd still end up selling at a loss due to the covered calls. Once it hit $11.2 on Monday though, I sold some $15 covered calls on the whole position (only 500 shares, but this was another big mistake). I just wanted to get as much as possible out of selling calls that would reduce my overall cost and also let me sell for a minimal profit if I was called out and it ran to $17 or so back to its previous high.

Just a complete **** show of a trade on my end and these screw ups kill me in the long run.

I love listening to the bot call out and the chatter on a feed I have with some guys comments the market sucks, its all going down, what do we do, X stock is dumping, Y stock falling, etc., etc....

I'm a church mouse but just want to say its been 20 minutes guys chill out !!!

TLRY should be on high watch if it gets into the 22s