r/options • u/thetacollector • 5d ago

Bagholding SPY..

Bagholding some SPY with a $563 cost basis.. can't really sell calls unless I go below my cost basis or extremely far out time wise..

Pretty sure that it's not gonna rebound to my cost basis any time soon..

Wondering if any of you are in similar spot and what your plan is?

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u/santropy 5d ago

Just wait for a few more sell offs, a recession and a new president. It will eventually come back.

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u/No-Anteater5184 5d ago

I just spat my coffee hahahaha