Replies to post #5668 on Riot Platforms Inc (RIOT)

[Lokotony]

Obviously, I'm not rich, which is why I'm here, which means, I don't buy a mill worth of AAPL and make 50K when it goes up just a little. I play things I can afford. I AM smart enough to see the E next to a stock and hope for good earnings. BUT, I'm NOT smart enough to sell EOD when they report good earnings and blow up that day. Because, people will load up on the calls and the NEXT day and on, those great earnings turn into red day after red day. I just wish these people that PRETEND to care for us (like AOC) would do something about this!!!!!! Sorry, I'm upset. ALL of us bet on this and should be laying on cash at the best room in town!

[mypenneys]

I’m down 5,150.00 dollars on 2300 shares
But I sold a March 28 Call Strike Price $16.00 on 2,000 shares @ $1.53 so I took in
3,006 Dollars and I’m not going to buy it back. So by March 28 if it’s still
under $16.00 dollars by that date I keep the 3,006 dollars and my shares return
Into my account. The other 350 shares I bought in the area of $13.25 area
and I am not ready to sell a Covered Call till the price goes back up in an
area that I’m satisfied with the option premium. To resell another Call Option.
Not sure if you understand what I did. So in the end if I’m down 6,000 dollars on Riot Stock
but I took in 3,006 dollars on the option. So I’m only down around $2,150.00 dollars of my own money. So the next time I sell a Covered Call I may sell a weekly and some on a monthly.
I intend to keep selling covered calls on this stock to protect my investment.
All mining stocks are down so I’m not too worried about price going up to some level.
Let’s hope that this is a temporary pull back and in April we get the Bitcoin halving event
and everything goes back to normal. Mondays are usually down days Tuesday sideways
to up Wednesday most likely Up.