I bought 200 shares of Skillz (SKLZ) on 6\/7\/21 at $22.70. I bought this stock because it is a stock loved by Cathie Wood. Cathie Wood is one of the largest investors in the world. I bought the stock at $22.70 and today it’s at $14.30. This just shows you that you must do your own homework. You cannot rely on anyone, not even a huge guru.<\/p>\n
I’m really ready to capitulate on this one. But I decided to sell Calls that are In-the-Money just to grab some premium to offset my loss. I sold 2 SKLZ 8\/6\/21 $16 Calls for a premium of 45\u00a2 for $90. With this stock I’ll continue to sell In-the-Money Calls until I get assigned which will probably be with a loss. I’m ready to move on and use the money elsewhere.<\/p>\n
<\/p>\n
Sell to Open 2 SKLZ 8\/6\/21 $16.00 C @ 45\u00a2 (+$90)<\/strong><\/p>\n This is a 9 day Call. I’m taking in a return of 1.9%. If I get assigned I’ll take a loss on the stock which I’m willing to do. Sometimes you have to make moves like this to get out of the crap you’re holding.<\/p>\n <\/p>\n Successful trading,<\/p>\n Steve<\/p>\n The Options Coach<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" I bought 200 shares of Skillz (SKLZ) on 6\/7\/21 at $22.70. I bought this stock because it is a stock loved by Cathie Wood. Cathie Wood is one of the largest investors in the world. I bought the stock at $22.70 and today it’s at $14.30. This just shows you that you must do your […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[1],"tags":[],"class_list":["post-12004","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75MP0-37C","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/12004","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12004"}],"version-history":[{"count":1,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/12004\/revisions"}],"predecessor-version":[{"id":12005,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=\/wp\/v2\/posts\/12004\/revisions\/12005"}],"wp:attachment":[{"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12004"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12004"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mainstbeatswallst.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12004"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}