IQ: sold 4500 shares of IQ and take in capital loss as part of the plan.
Had these for a while back from cash secured put being in the money so bought in these batch of 4500 shares at $3 per share.
Had been for very long selling covered calls at various strike prices.
IQ finally showed some bullish signs and trade as high as $2.84 on 10th Sept before settling down at $2.6 now.
Decided to exit all my positions on IQ with a loss.
At such low stock value, premium collection through selling options are not cost efficient so decided to cut loss and move on.
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- zippixo·09-21Tough call, but smart move! [Great]LikeReport