What it looks like if you were 170% invested in the Discovery Channel last week
walllstreetbets·@fiftysats·
0.000 HBDWhat it looks like if you were 170% invested in the Discovery Channel last week
In my brilliance, I saw high premiums on DISCA calls and sold a shit ton of CC's on margin the last two weeks. Completely undiversified. In my defense, I didn't think someone else was gonna try to do something similar except with billions of dollars and also on 5x margin, making the stock drop 50% on no news. Average share cost $76. [Past Week](https://preview.redd.it/wu5eee1hkzp61.png?width=801&format=png&auto=webp&s=28c1afa7ec29695d7bf56d32b224bb9dd6bce4b2) ​ [Steps up elevator down.](https://preview.redd.it/gfuzcj1zkzp61.png?width=754&format=png&auto=webp&s=91340f0dc6d83772045b5c218c2dcb7e841e4338) I'm still holding the stock. At this price its nutty cheap. Not margin called yet. Not selling unless I get liquidated. [Posted this DD in theta gang and convinced myself to buy :).](https://old.reddit.com/r/thetagang/comments/ma4ok2/discovery_communications_as_a_stable_theta_crop/) Positions: 23 covered calls on DISCA. Expiring May 21, strike price 67.5. Already rolled them down once after collecting 100% of the premium on the first ones I sold. ​ https://preview.redd.it/oozsq7mrlzp61.png?width=785&format=png&auto=webp&s=1827471b41306294733862520ea654fbfa03b005 https://preview.redd.it/309ap3utlzp61.png?width=806&format=png&auto=webp&s=facab8710b483410f796840a43992bd04c90b171
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