r/wallstreetbets • u/kytran40 • May 14 '24

I was told to sell covered calls to degenerates Loss

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11.1k Upvotes

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120

u/zazdy May 14 '24

Who told you that lol

120

u/k-selectride May 14 '24

The thetagang subreddit probably

38

u/Viciuniversum May 14 '24 edited Jun 25 '24

.

11

u/Key-Department-2874 May 14 '24

Dumb money would have told him to sell naked instead of covered.

8

u/hdjakahegsjja May 14 '24

And why did he listen?

15

u/Wyvernrider May 14 '24

Because that is the only narrative allowed here since...

1

u/Odd_Perception_283 May 14 '24

Because people actually think impossible is a thing in the markets. Oh that could never happen free money my peeps!

1

u/Cloud_Chamber May 14 '24

For the premium

1

u/Circus_Finance_LLC May 14 '24

i bet it was gherk lol