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   brokenshakles (brokenshakles@poa.st)'s status on Tuesday, 17-Jun-2025 09:32:39 JST brokenshakles

   • Shadowman311
   @Shadowman311 How do you lose money on an assignment? Yea, you give up profits, but that shouldn't be a brute loss.
   • BowserNoodle ☦️ likes this.
   • Embed this notice
     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 17-Jun-2025 09:32:38 JST BowserNoodle ☦️

     in reply to

     • Shadowman311
     • Coon Appreciater
     @MeBigbrain @brokenshakles @Shadowman311 >Shorting
     Is that farting in shorts?
   • Embed this notice
     Coon Appreciater (mebigbrain@poa.st)'s status on Tuesday, 17-Jun-2025 09:32:39 JST Coon Appreciater

     in reply to

     • Shadowman311
     @brokenshakles @Shadowman311 Shorting?
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     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 17-Jun-2025 09:35:07 JST BowserNoodle ☦️

     in reply to

     • Shadowman311
     • Coon Appreciater
     @MeBigbrain @brokenshakles @Shadowman311 My mistake thank you.
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     Coon Appreciater (mebigbrain@poa.st)'s status on Tuesday, 17-Jun-2025 09:35:08 JST Coon Appreciater

     in reply to

     • Shadowman311
     • BowserNoodle ☦️
     @BowsacNoodle @brokenshakles @Shadowman311 That's sharting
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     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 17-Jun-2025 09:37:24 JST BowserNoodle ☦️

     in reply to

     • Shadowman311
     @brokenshakles @Shadowman311 Yeah the buck doesn't stop with you unless you wrote naked puts or naked calls. Unlimited loss potential is a bitch and it's why experienced traders don't do that when the payoff isn't worth it and never with more than a tiny percentage of their portfolio.
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     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 17-Jun-2025 10:12:10 JST BowserNoodle ☦️

     in reply to

     • Shadowman311
     @brokenshakles @Shadowman311 Covered calls and buying naked calls is a good way to consistently hit. It's not tax efficient at all but in an IRA it's easy. This screenshot is probably fake (and gay), because I don't understand why they would allow randos with no options experience to have level 2 or 3.
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     brokenshakles (brokenshakles@poa.st)'s status on Tuesday, 17-Jun-2025 10:12:11 JST brokenshakles

     in reply to

     • Shadowman311
     • BowserNoodle ☦️
     @BowsacNoodle @Shadowman311 Especially with options. You are already clamping your upside on the short side, you would have to be extremely stupid not to hedge such a position the moment it approaches ITM. And very stupid not to hedge from the outset.
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     brokenshakles (brokenshakles@poa.st)'s status on Tuesday, 17-Jun-2025 10:26:38 JST brokenshakles

     in reply to

     • Shadowman311
     • BowserNoodle ☦️
     @BowsacNoodle @Shadowman311 Generally it's best to be planning an exit with covered calls, just selling them for premium on something that will be around for a long time is very likely to under perform just holding the underlying due to the effect of the positive skew of average performance in the market combined with the effects of inflation and the intermittent nature of volatility.
     BowserNoodle ☦️ likes this.
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     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 17-Jun-2025 10:28:37 JST BowserNoodle ☦️

     in reply to

     • Shadowman311
     @brokenshakles @Shadowman311 Yes. Theta decay means you can sell and have a spread to buy to cover using time to cheese it. I like call write ETFs though because they make it simple and I don't worry about commissions (lower net expense ratio than what I'll pay on calls to do it myself).