Fold(FLD) $4 Cash Covered Put option Assigned Stackers now own 100 shares \ stacker news ~Stacker

Once again I am assigned the option.

I sold the Put option and received a net credit of 54.96

Fold failed to rise above $4 a share thus I am forced to buy 100 shares of the stock at $4 a share.

This equals a loss of $345.04 . Two months in a row I overpaid for 100 shares of Fold stock. Some might call me dumb but Fold holds more bitcoin than I do plus they added to their stack!

With this assignment 50% of the shares will be moved into the Stacker Stocks Portfolio that I am working on. So congrats stackers! You now own 100 shares of Fold!!

Now it’s time for December’s Cash Covered Put Sale. Looking at the option chain the pickings are slim

I was going to go down to a $3 put but the market is only paying $0.15 good for a $15 credit. Since I want a little more fiat juice I am going to go with the $4 put maximize the profits for the stackers. If fold closes above $4 a share in december (highly unlikely!!!!) then stackers get 50% of this estimated $95 profit

If assigned then the Stacker Stocks portfolio will get an additional 50 shares of Fold Stock!

See you all at the end of December!

110 sats \ 1 reply \ @TheInvestor 22 Nov

Even with this temporary loss, you are building a position in a company that you believe has long-term value, and that makes all the difference. The most important thing now is focus: manage risk well, avoid repeat purchases above the price you consider fair, and keep a cool head. The market punishes overconfidence, but rewards consistency.

0 sats \ 0 replies \ @BlokchainB OP 22 Nov

Yes indeed!

66 sats \ 0 replies \ @grayruby 22 Nov

Next month will be better. Hopefully.