I have 20 calls expiring November 28th. And another 20 expiring January 16th. No leaps unfortunately, and I am very much in an uncertain and risky position - there's quite a bit more I can still lose I think in max 1 week I will need to cut my losses on the November calls if we don't get a reversal.
Besides the concerns about AI bubble, market also seems to be realizing that there may not be another rate cut this year and there may be only 2 through the entire next year. Small caps getting destroyed is always a sign that market anticipates higher rates than originally thought.
Buddy. Do you see those strikes on your calls?? Lmaooo these are gonna bleed theta so hard. Just cut your losses. Uber and pltr 140 and 270 in a month? For those positions to even smell break even w theta decay and IV crush those stocks need to pump like 50% next month. Learn your lesson and move on before you absolutely blow up your account on a year where the market rallied like 10x
I will cut them, I am just going to wait a few days because I have 46 days left on the calls and IV will begin to crush the value at around the 30 day mark. If the stock recovers by even 5% Ill atleast recover a few hundred dollars on them. losing an the remaining 300$ wont hurt me in the long run so its a risk I am willing to take.
Brother you have 60$ otm calls on a company that destroyed earnings and fell -10%. I’d cut those asap with IV even if it gets back over 200$ those will decay by the day
OK yeah fuck this. I just cut my losses and closed most of my calls. I'm gonna sit on cash for a bit. The market has been annoying as shit lately.
If I sold at the bottom and goes up now, you're welcome.