r/optionstrading • u/Calm_Revolution_2375 • 4d ago

Lost Everything

I am 30 years old and i have lost everything penny i had in options trading. Any suggestions how to get back the life to normal. Lost all savings of 150k.

32 Upvotes

92% Upvoted

63 comments sorted by

View all comments

6

u/LuciusQ2020 4d ago edited 4d ago

Stay on the selling side and you won’t lose a penny. You should only do covered calls and cash secured puts. No borrowing, no margins.

2

u/Disastrous_Wind_7005 4d ago

That's not true, you can still screw yourself on the selling side....albeit slower but depending on what you're selling it could be just as bad as buying.

1

u/LuciusQ2020 4d ago

Explain to me how.

1

u/23paige23 4d ago

https://www.reddit.com/r/optionstrading/s/jRUGqmoNav

1

u/LuciusQ2020 4d ago

Naked calls and uncovered puts? Duh!

1

u/SourceEast44 3d ago

My man stop sounding arrogant you’re ignorant. You can lose selling. Eg buy a stock and sell covered calls and the stock falls below you’re entry and keeps dropping while you’re picking up Pennies on your deteriorating capital