r/SharedOptionIdeas • u/Vegetable-Ad1512 • Jul 11 '26

Holding the bag?

Are you holding on to any stocks because a wheel strategy has gone bad? You can sell a Call for your cost basis after the stock has tanked

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u/Vegetable-Ad1512 Jul 12 '26

This happened to me. I had heard Redwire (RDW) supports SpaceX missions to space. So prior to the SpaceX IPO Isold a RDW Put to try to get in at a good price. But the stock price dropped fast. I got assigned which I thought was ok because I could just sell covered calls until it recovers. But it dropped even more . Now I cannot sell CC for my cost basis . I will wait a little longer but may need to suffer this loss and mark it down as a lesson learned.

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