It is refreshing to see someone in the community openly discussing about where they have gone wrong and the lessons they have learned in the process. This is a rarity. And it is especially true with options trading. We hear so many success stories about how someone got paid XYZ in premium, how this is easy money etc. but not a single word on goof ups.
W.r.t advice for you on this specific situation: I really do not have anything specific. Like you said, this seemed like just a case of being blinded by the premium, and that is maybe the #1 thing to watch out while writing option contracts.
Hey Tiago,
It is refreshing to see someone in the community openly discussing about where they have gone wrong and the lessons they have learned in the process. This is a rarity. And it is especially true with options trading. We hear so many success stories about how someone got paid XYZ in premium, how this is easy money etc. but not a single word on goof ups.
W.r.t advice for you on this specific situation: I really do not have anything specific. Like you said, this seemed like just a case of being blinded by the premium, and that is maybe the #1 thing to watch out while writing option contracts.
Cheers!
LWD