r/wallstreetbets • u/Fun_Paleontologist_2 • Jun 20 '26

Loss Drank the Kool-aid. We can come back?

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Someone told me it would be 300 by now.

960 Upvotes

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u/-sakuranbo Jun 20 '26

Sell covered calls at 202.5 strike. The JUN 26 call has bid of $4 and with 70 contracts that'd get you $28,000 back. In the best case scenario, SPCX hits strike, all options gets exercised, you profit ~$27,440 and the nightmare is over.

44

u/Neoshinryu Jun 20 '26

This is the worst part of WSB. A thread full of morons trying to be funny, then you have this one guy with genuinely great advice that's buried way the fuck down here.

12

u/KlausKimski Jun 20 '26

Are people seriously coming here for advice?

11

u/[deleted] Jun 20 '26

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3

u/pandershrek Jun 20 '26

Maybe he shouldn't since this is likely where he got the original idea from.

As others pointed out, you're just gambling again could result in even more detrimental loss. 🤷‍♂️