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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I sold mine for a 30% gain and felt smart

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port went up 30% from jan to sep this year. Then choped thru year end. Having gain withdrawals.

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a 40% loss after gaining 80% results in only a 8% gain lmao 1.8\*0.6 = 1.08

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I didn't want to because that would leave me with a big realized loss this tax year and an inflated gain next year. Not the worst thing in the world, but I just didn't want to deal with that. Again, I'm highly regarded 💀

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I'll never financially recover from selling my RKLB position for 100% gain

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I did this with pltr. It was peaking. Sold 1/4 of my shares. Kept hitting new highs. Sold another 1/4. Got to a point where I had 10k gains and sold the rest I as I was happy with the gain. It still went up after but who cares. A win is a win and there are endless opportunities

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Well true, you have to withstand some volatility, but if the leverage is not too high they also work well as a long term investment. Look for instance at the 2x nasdaq100 etf (QLD). Despite falling down by ~50% in 2022, the gain over the last 10 years is >1000%.

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Seriously… My first option trade on Robinhood i turned a $50 call to nearly $700. Haven’t had a percent gain that big since and I don’t plan on it lol

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Depending how much you're up 80% etf or regular stocks and 20% to play with. Any winning move to etf to maintain 20% of port for gambling. Of course easier said than done but you just have to show that devil on your shoulder who's boss and tell him to fuck off when he whispers for you to break this rule. If you lose then wait until you gain that money back, either through your stocks or your job. Don't pull from the 80% to replenish the 20%.

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