Good question, I’m in a similar boat. Reaping the fat premium of ATM puts is alluring and it’s tempting to think I can’t lose because either I end up with free money or discounted shares that I planned to buy anyway.Ok Team Wheel, I’m looking for some advice….. what to do with a bunch of 7/30 -p650s? Sold those for $29-$30, a very nice price, about 10d ago. . . .
But as you point out there’s a lot of tension building in the spring - sp wedge forming, epic earnings, fsd coming to fruition, and two new factories poised to churn out beautiful cars. And maybe even a share split
The biggest risk is sitting on puts when the sp rips $100 higher in a day or two. This could happen any time. I think I’m talking myself into letting my next round of puts get assigned