/biz/ - Business & Finance

I wrote 4 contracts for TQQQ $122c 8/7 last week when it was at $115 thinking it would crab off.

Well, TQQQ is at $128 now and my breakeven is $125.20 so I'm basically going to "lose" $2.80 x 400 shares assuming it closes at $128.

I don't lose money on this trade since my cost basis for these TQQQ shares are $113 but damn, it sucks watching TQQQ go higher and higher after you wrote covered calls on them at a price you were originally "comfortable" with.

Anyways, I'll basically have $48,800 on Monday in cash again after my 400 TQQQ shares get called away for $122.

What's my next move?

>But as of late Sunday, Mr. Trump was said to be leaning toward supporting a plan that would give TikTok a short window to sell itself, as long as the terms addressed the administration's national security concerns, White House officials said.

MSFT $225c 8/14