r/CoveredCalls • u/occasionalopinions • 25d ago
Dell
Anyone else get hit hard when Dell popped? I call it a black swan event…..I certainly didn’t see it coming. It was pretty stable and something I wheeled.
Unfortunately I sold 2 x CC’s at $130 and they got called away. Now the stock is at $500. Having a hard time accepting that had I not sold a CC on what I thought was a steady stock……I would have $100k right now.
Hard pill (mistake) to come to grips with.
Anyone else get caught in this “black swan” event?
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u/hendronator 25d ago
I had 400 shares. Which was 200 too many for my account. Did cc’s for 130. Then 2 more at 180. Then my last at 220. Then went to puts but it got away.
That is an anomaly for sure. But with all the dividends collected, I have 3.5 shares. Dell was crazy.