A minute of silence for the naked calls seller who closed right before $MSTR plummeted
Posted: Dec 14, 2024
- Individual lost $750K selling naked calls on stocks
- Stock mentioned is $TSLA (Tesla)
- Sold calls from $200 to $500
- Closed position just before stock tanked due to citron research short paper
- Warning against selling naked calls in general, even covered calls (CC) in bullish markets
- Advises against selling options for minimal gains instead of potential wealth opportunity
What do people on Reddit think?
🚨 Reddit sentiment: mixed/negative - Comments question the accuracy of the stock plummeting and highlight skepticism towards the impact of Citron's report, indicating a generally skeptical or negative view about the stock situation. Summarized comments: - Some comments suggest the stock, $MSTR, did not plummet and are questioning OP's statement. - There is discussion about selling covered calls (CCs) and the importance of understanding implied volatility (IV) and Delta. - One comment highlights the potential to make money selling CCs on volatile stocks in a rising market. - Citron Research short paper is mentioned as a contributing factor, but some commenters dispute its impact on MSTR price. - Selling options is noted as consistently profitable, according to one user. Stock tickers discussed: $MSTR
Stay ahead of the market with AI stock alerts & AI summaries of the latest earnings, stock ideas for free with Fluid Bot. Sign up now!