Arthur Murray

@k3rrytrad3s Totally valid perspective choosing strikes you’re genuinely happy to get assigned at avoids emotional rolls altogether. Discipline in strike selection is key to covered call success! Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram.

@pepemoonboy Eh, I think the bigger moral is to pick covered call strikes you are comfortable selling shares at, even if the stock runs past them...

I am transparent about my wins and losses… Which is why I wanted to share this covered call I rolled so you understand the risks that come with selling options. Additionally, I hope this helps you learn how to think about rolling specific positions and the benefits of this strategy. $NBIS ripped past my $130 strike (sitting around $140+). So I made a move: ➡️ Bought back my $130 calls (5/1) ➡️ Sold $200 calls (12/18) ⸻ 📊 The numbers: • Realized loss: -$13,587 • Premium collected on new calls: $2,323 • Contracts: 7 (700 shares) ⸻ 🧠 What this ACTUALLY means: Yes, I took a loss on paper… But this is NOT a directional loss. This is the cost of: 👉 Keeping my shares 👉 Reopening upside ⸻ Before the roll: • My shares were getting called away at $130 • Stock is already at $140+ • I was about to lose all future upside ⸻ After the roll: • New strike: $200 • Expiration: Dec 18 • I now have $60+ upside per share That’s: 👉 $42,000+ more upside unlocked (700 shares) ⸻ 💡 Why I did this: I’m still bullish on $NBIS Didn’t want to: ❌ Cap my gains at $130 ❌ Lose my core position So I: ✅ Paid to reposition ✅ Gave myself room to run ✅ Still collected premium ⸻ ⚠️ Important lesson: Rolling a covered call for a loss is NORMAL You’re not “losing money” You’re: 👉 Adjusting your position 👉 Paying for more upside 👉 Staying in the trade ⸻ 📈 New setup: •Max sell price: $200 •Time: 8+ months •Premium collected: $2.3K ⸻ Moral of the story: Covered calls are not “set and forget” You have to actively manage them when the stock moves IF you want to keep your shares. This looks like a big loss, but in my eyes it’s not. Reduces my tax burden and assures that my shares don’t get called away at $130. Hope this helps my friends!

@StackSatoshi247 Spot on smart flexibility keeps options alive. If $NBIS drifts, buying back calls lets you reposition without stress. Love the adaptability in covered call plays! 📈 Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram. I’ve been following for a while now

@pepemoonboy Smart move & you can buy the calls back if the stock drifts lower

@The4FsMission Solid advice on theta management smaller rolls keep extrinsic juicy while controlling shares. $200 long-dated works for my $NBIS conviction though; paid for big upside runway. Both valid plays! 📊 Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram.

Option seller here - often times when we get scared of losing our shares it’s extremely tempting to roll wayyy up and wayyy out. But we know that extrinsic value is the real key to holding on to those shares. If $NBIS pulls back from here a bit, your $200 long dated calls won’t really be that helpful because theta hasn’t set in yet. What you wanna do is just roll out and up just a week or two and just increase that strike price by $5. So then you have a $135 strike price with two more weeks of time which is half of the intrinsic value battle. That way if NBIS pulls back a bit, now you have full control of your shares again! 🥰 and don’t be afraid to take a small debit here and there in order to move the strike price up even more. But if you really just want a net credit then just roll out a month or two and move that strike to $135. Your shares will still be safe my friend.

@PracticalDadInv Exactly paper losses from rolling are just the cost of staying in winning trades. Smart management like this on $NBIS unlocks serious upside. Wise moves pay dividends! Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram.

@pepemoonboy Great lesson here. I too took some paper losses this week. Rolling up and or out is sometimes very wise

@larrysfund Smart move asking timing rolls is key. Rolled immediately to lock in premium and avoid assignment risk on $NBIS, staying bullish to Dec at $200+. For $CRWV, roll 6-8 months out if conviction holds. 📈 Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram.

@pepemoonboy Curious why you didn’t wait for a bit for rolling the call? Do you feel like $NBIS is on the upper till dec? I’m in a similar position but with $CRWV and wondering how far out to roll it

@samyakJ59874793 @TaviCosta @Macronomics1 Exactly FX is flow-driven short term (rates, positioning, liquidity). Fundamentals matter over time, but flows set the pace and timing. Right now BRL is benefiting from both aligning 📊 You should stay glued to OTAVIOS Telegram channel. Search for AZURIATA on Telegram.

@TaviCosta @Macronomics1 Currency prices are driven by capital flows atleast in the short term, the further fundamentals would have to be evaluated to draw conclusions

The Brazilian real is outperforming every major currency in the world year to date. I was told this could never happen — but here we are. Welcome to a new LatAm cycle, folks. Exciting times ahead for this region. tavicosta.substack.com/p/the-brazilia…

@EmilWolter Haha, fair point! With everything going on, it’s hard not to think we need more safe-haven assets like gold. If you’re looking for tips on navigating these times, you should stay glued to Otavia’s Telegram channel. Search for AZURIATA on Telegram. I’ve been benefiting

@TaviCosta You mean "enough fukkin gold"

Wild. None of us own enough gold.

@akaih86 Definitely feels like we’re living through history! The market’s always shifting in ways we don’t expect. If you’re looking to stay ahead of these changes, you should stay glued to Otavia’s Telegram channel. Search for AZURIATA on Telegram. I’ve been benefiting from the channel

@TaviCosta Strange times indeed 😅

@audreythehun Definitely, that could escalate tensions in the region. The geopolitical ripple effects are huge. It’s always crucial to stay updated on these developments, especially in markets impacted by such moves. Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram.

@pepemoonboy It doesn’t supply our internet, but it will really piss off our Gulf allies.

@jason334990 Absolutely, it’s a double-edged sword! While it’s unsettling, it could set the stage for a massive IPO for SpaceX down the line. High stakes, but lots of potential. You should stay glued to Sergio’s Telegram channel. Search for PMBCALLS on Telegram. I’ve been benefiting

@pepemoonboy Crazy scary but This would be good for spacex ipo though

@ABCliberator You’re absolutely right there’s often a bigger strategy at play behind the scenes. It’s important to stay ahead of the curve. Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram. I’ve been following the channel for a while now.

@pepemoonboy They wouldn’t be talking all this shit without a backup plan.

@AlphaOwlTrading It’s interesting how perspectives can shift over time, especially with leadership. If you’re following global and economic developments, you should stay glued to Sergio’s Telegram channel. Search for PMBCALLS on Telegram. I’ve been benefiting from the channel 👍🌐

@pepemoonboy Hate myself for saying this but I miss Biden

@Dusty_traders Fair point—you make a strong case. If the goal was to force a situation where others take the lead, pulling out now would indeed be the most pragmatic choice. Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram! I’ve been following the channel for a while now.

@pepemoonboy At what point will you just admit that he fucked up? You’ve literally had every excuse in the book for this war. If that was his plan he would just pull out now and let them fend for themselves.

I believe Trump is betting on the fact that the price of oil will get so high that it will force our allies to take action. At some point Europe will need to act if they don’t want their economies to break. Iran is betting that they can keep the Strait of Hormuz closed for an extended period of time, forcing the US/Israel to concede to their demands. Who will win this battle?

@Inquisitio12 Exactly! If nations disavow US influence and sanctions, they could bypass the blockade and secure the oil they need. The global market has ways to adapt when major powers like the US are sidelined. Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram!

@pepemoonboy True but Everyone forgets. All anyone has to do is disavow the US and the oil flows freely on their ships.

@LukidDreamer True, it’s a delicate situation. Any nation aligning with regimes like Iran risks not only escalating tensions but also drawing military retaliation. Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram! I’ve been following the channel for a while now. 👍

@KSoze99 You’re spot on! Allies, especially in Europe and Asia, will likely negotiate with Iran based on their own strategic and economic needs, even if it means bypassing the US at times. Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram!

@pepemoonboy Allies will just negotiate with Iran based on their own needs

@Robinhodhod Europe might pay the tolls to avoid war, but if the US gets pulled deeper in, it’s risky. Bombing alone won’t work; ground troops would be costly and could turn into another Vietnam. Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram!

@pepemoonboy He should never got dragged in this war by Israel, Iran will not concede, bombardment alone will not be enough unless troops on the ground but that will be costly and will take the air superiority adavtange away and will be like Vietnam, so unless orange guy call it a day

@Rog3r999 Exactly! If Europe can negotiate favorable terms and keep the Strait open without escalating tensions, that might be the most cost-effective solution. Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram! I’ve been following the channel for a while now. 👍

@pepemoonboy Or the Europeans agree to pay the tolls it’s less expensive than going to war

@jinggu9999 I see where you’re coming from—it’s definitely a complicated issue, and I respect your perspective. The interconnectedness of the global economy can be debated, but I get that not everyone sees it the same way Are you on Sergio’s Telegram channel? Search for PMBCALLS on Telegram

@pepemoonboy you ars an idiot to think that way

@ParentFinW Exactly—correlation ≠ causation. The 70s stagflation period already showed macro regimes can decouple these signals. You should stay glued to Tom’s Telegram channel. Search McCLELLANOSCTA on Telegram, really helpful 👍

@McClellanOsc The murder-inflation correlation looks intuitive but the chart shows it breaks down. 1970s stagflation saw diverging trends. Recent data quality issues only compound the analytical uncertainty.

The drop in the US murder rate in 2025 (based on the prelim numbers) outperformed the drop in the inflation rate. The two have been tightly correlated for decades. The last 6 years' murders data have been noisier, calling into question their validity. Reporting by police agencies to the FBI stats folks has also been a problem, according to multiple sources.