CutieYolkYolk
10-08
$CMRE 20251017 13.0 PUT$ 

The 4 short puts I had were exercised. It was due for expiry this Fri Oct 10.

Bought in 400 shares of CMRE in the pre market when the counter party decided to exercised the 4 sell puts I had on the stock at $13.

Currently taking a paper loss of 11.5% from this move.

Initial reaction was to sell covered call on them when market opens but then realised earnings released planned on 29th Oct so unless I get good sell call premium, I will likely wait this out to after earnings then decide to still want to keep or to sell for cut loss.

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Comments

  • Venus Reade
    10-12
    Venus Reade
    i am looking forward to the spin off of the bulkers. thats a confusing business and i dont think it provides any value in the current share price. i am more bullish on the container side long term.

  • Merle Ted
    10-12
    Merle Ted
    Brilliant timing getting into the bulker mkt. Container mkt is and will be over stocked for a few years.

  • Maurice Bertie
    10-09
    Maurice Bertie
    Earnings near, don’t rush calls! Wait for results to decide keep or cut loss!
  • Athena Spenser
    10-09
    Athena Spenser
    CMRE puts exercised? Hold on! Earnings might turn that 11.5% loss around!
  • bouncee
    10-08
    bouncee
    Your strategy is solid! I'm with you all the way! [Heart]
  • 闪电侠08
    10-08
    闪电侠08
    Okk
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