LogFAQs > #957020290

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, Database 8 ( 02.18.2021-09-28-2021 ), DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicStock Topic 32
masterplum
08/12/21 1:50:24 PM
#12:


Lopen posted...
Were you selling naked calls or puts or something? I'm not sure how getting assigned should matter.

I had sold $30 calls that expired in 2 weeks and bought $30 calls that expired in 3 months, so the spread between them was nearly zero, under the play that as robinhood decresed in value the spread would widen as they gained time value of money

But the short term calls kept getting assigned so I had to keep selling $30 calls which were extremely illiguid

I should have just closed the position entirely and moved into $40 calls instead (which is what half of my calls were) but I kept thinking Surely it wouldn't happen again.

No, it happened 4 days in a row.

So every time it happened I got crushed by the bid ask spread.

After the third time I even got a phone call from TDAmeritrade telling me I needed to fix my position.

---
... Copied to Clipboard!
Topic List
Page List: 1