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TheMotherConspiracy t1_iyexn3m wrote

Are you at least collecting CC premiums on that?

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NoMoreLandBro OP t1_iyez5of wrote

I got burned selling covered calls a few times and do it only rarely now. I bought some SLV this week, sold weekly ITM calls for what will be a 40% annualized return for the week. If SLV drops, I’ll want to keep it anyway and will stop selling calls until it goes back up.

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TheMotherConspiracy t1_iyf1ye9 wrote

Sounds like a solid plan.

Out of curiosity, what positions did you get burned on?

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NoMoreLandBro OP t1_iyf4pmn wrote

Poshmark 90% loss

Zillow 40%

Redfin 40%

Palantir - but only lost 40%, I bought in around $14

​

I felt these were good diversifiers since I didn’t have any tech stocks.

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