In my foolishness, I was looking for some “easy” money and sold a CALL option on NVDA when it was still around $200 in November. The strike price is$500, and I received a premium of $400 at the time. From there, I'm already at a loss of $3,600, and I can't take it anymore.
It's just a matter of time until it reaches $500, and then I'm completely lost. And to make matters worse, it's not even a covered call, (have 0 shares),I simply sold the CALL option because the premium was tempting.
What should I do? Please advise me. What can I do? I
thought about rolling it over to next year at a price of $700-800, but I can't take the risk because if that happens, I'll be completely lost.
Should I buy back the option? That's a loss of around 4500$ now…
I can't believe I did this to myself…
Please don't judge, I've learned a lot from this mistake.
Leave a Reply