11-04-2021, 02:05 PM
(11-04-2021, 11:01 AM)fenders53 Wrote:(11-04-2021, 10:11 AM)Dividendwayfarer Wrote: My option journey has not been very rewarding. Despite some small wins along the way, my XOM & QCOM (due this Friday) got assigned and I left over $1k on the table. Perhaps I am not doing it right but some of those big misses make me wonder if I pick the wrong stock to play options.Second attempt at a response. Can you share trade details? Price of shares at time of trade. Cost basis. Strike price and dates of course. Before you even answer, quality tech stocks are tough. You have to be at peace with the getting exercised. I tend to wait until I am profitable, and the stock would have to run considerably higher to exercise me. Even then it doesn't always work out.
XOM I did it a while ago but you kind of know the story as the stock went up quickly from $55 to low $60s during a 2-week period. My strike price was $60.
For QCOM, I sold a call for $45, strike at $146 on 11/1, expiring on 11/5. My cost basis was $134.6. I expect a good quarter but look at their price now (hit $159 today). I still make $$ but will leave a ton on the table. And I have to pay taxes.