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<blockquote data-quote="wilberforce15" data-source="post: 4754338" data-attributes="member: 5053"><p>I bought a series of Workhorse call options, once a week every week, for two months this fall, waiting for the USPS to announce their new truck contract. </p><p></p><p>The USPS delayed the announcement until Q1 of 2021. I'm still holding 2023 call options that will more than make up for it. But for now, that was probably my largest single loss. It was a calculated risk/reward, and it went against me. </p><p></p><p>I know my maximum loss and lock it in before engaging in any trade. I don't hold losses or allow large losses at all. </p><p></p><p>The WKHS options were a total of about 5% of my account as a loss. I still have that invested this time in 2023 calls that are less time sensitive. I'm just that sure. </p><p></p><p>I fully expect to make 10x on that money in the next few months.</p></blockquote><p></p>
[QUOTE="wilberforce15, post: 4754338, member: 5053"] I bought a series of Workhorse call options, once a week every week, for two months this fall, waiting for the USPS to announce their new truck contract. The USPS delayed the announcement until Q1 of 2021. I'm still holding 2023 call options that will more than make up for it. But for now, that was probably my largest single loss. It was a calculated risk/reward, and it went against me. I know my maximum loss and lock it in before engaging in any trade. I don't hold losses or allow large losses at all. The WKHS options were a total of about 5% of my account as a loss. I still have that invested this time in 2023 calls that are less time sensitive. I'm just that sure. I fully expect to make 10x on that money in the next few months. [/QUOTE]
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