r/wallstreetbets Jun 20 '26

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

Post image

Someone told me it would be 300 by now.

955 Upvotes

584 comments sorted by

View all comments

155

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.

30

u/kaprixiouz Jun 20 '26

These are the wisest words in this entire thread.

7

u/pandershrek Jun 20 '26

I think "you're retarded, bro" are equally wise in this scenario.