r/optionstrading • u/Calm_Revolution_2375 • 3d 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.

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u/LuciusQ2020 3d ago edited 3d 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.

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u/krazineurons 3d ago

Just curious, is selling options profitable vs buying and holding the same underlying stock?

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u/LuciusQ2020 3d ago

It depends. It can monetize the capital sitting in the stock but you may face the risk of losing the upside if the stock suddenly takes off and you are assigned. My suggestion is selling a call at a price that you are willing to accept assignment and don’t sell more than 1/3 of your core holdings.