To The Moon

$CRITICAL METALS CORPORATION(CRML)$ should I laugh or cry? In this article, I shared further details into the other options article.

Yes, this is the reality behind selling calls. You win some, you lose some. I seldom get to do this type of options, so I will take this as a profit sharing experience. Selling covered calls, like selling puts are profit limiting options. The good thing about it is relatively safe, especially for selling covered calls. The worst that could happen is your principal got called away and you don't get to partake of its upside. If it didn't get called away on expiry, you simply rinse and repeat the trick and earn the regular premium (big or small). 

Obviously, when it does get called away, just like what I have shared below, I lose the upside gains. In options trading space, it's not a good look as I am losing 1000++%! 

Having said that, remember the full picture. Sell covered calls and puts are income generating instruments. Only do the covered calls if you are "willing" to share the profit or you deem you are satisfied with the winnings. Selling puts on the other hand, choose to do that for principals you are willing to own anyway.

Within 1-2 weeks or so, who would have guessed this is likely to be a 10-bagger! What a turnaround from one miner that nobody wants! This is the crux of my sharing today. Buy when something nobody wants but with lots of potential with everything going on all around it (I first entered around April when China 🇨🇳 first imposed restrictions in rare earth minerals). Do options on it to earn income after it suddenly becomes popular, since only then will the premium increases to an acceptable level. All goes to plan except that when China came back in to fan 🔥 to shoot this towards one of my rare potential 10-baggers.

If you ask me what I would have done in hindsight... nothing much different, really. I couldn't find a higher price option then in this 2 weeks window... like I said, you win some, you lose some...

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