Not a 1% return though. $8 premium on a $23.50 cost basis is 34% return immediately. Not accounting for the 32% gain should the shares get called away. You very much reduce your downside with covered calls on big movers due to the inflated IV. I have a few positions where my effective cost basis is $0 from selling premiums.

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Please turn this bag around for me. You say it's been a rollercoaster the last few years, unfortunately the big exciting drop already happened and these last few years have just been the ups and downs after.

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Big balls are overrated, bank accounts aren’t

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Hindsight is 20/20, but perhaps you could've only sold 5 given your plan to buy back upon the dip that didn't happen...your timing turned out to be unfortunate, since ASTS starting running away around June 6th. Otherwise, you might've sold 15 at a far higher strike, say 50, if that was available at the time. While your premium would've been much less, you would've received $75k upon assignment. That would've eased the sting. But maybe you specifically wanted the big premium to buy those UNH calls. Alternatively, you could've sold the longest term leap then available, probably Jan '27 at that point, at a high strike price, with the extra time boosting the premium back up some amount. Again, ultimately you'd have been paid more upon any assignment. EDIT: since some of these were rolls, then I mean you could've rolled into what I referred to above.

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Thetagang is a big group so there are some like OP with >90% gains, others like [me who just pick up the little crumbs](https://old.reddit.com/r/wallstreetbets/comments/1htpaje/1_year_65_options_760k_naked_put_option_downside/), and [some like that other guy who got BTFO](https://old.reddit.com/r/wallstreetbets/comments/1pqspog/when_thetagang_goes_wrong/).....

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Big OSRS enjoyer but hate RS3, and for that reason, I am out

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I bought 500 at $23 and sold at $34. I thought I was a genius lol. I bought back in at the recent dip with 400 shares at $50. So what I am saying is that there are still chances to go big.

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Big doubt.

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I'm a big fan of Thundercocks where a man bullies another man & fucks that man's wife But what I like to see where the woman bullies another woman & fucks that woman's husband!! That would be so fucking hot 🔥 🥵 😍

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This is an end stage options dominated market where there is no more natural alpha to chase, there is no more value or productivity gains or anything like that to price in. The only way line keeps going up is if all the big players keep raping retail ports that make the mistake of thinking options might work for them. The moment retail stops buying options this thing craters to the center of the earth, but ironically every time it dips we all pile back into options harder and harder. Thats why they are pushing so hard for 23/5 options market, and pushing the sports betters here into the markets. The only way to keep the ponzi going is getting more and more idiots in to throw their money into the options market so that MM's can steal it through manipulation. They literally set the prices of options you know, they can just set them to whatever is necessary to manipulate the market to their portfolios favor no matter what. These ridiculously low VIX days that appear out of no where all the time where the market just stays pinned in a 10 cent range for hours? Those are the days of maximum retail port destruction, and they fuel the entire scheme.

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