I sold my SPY calls last Friday for a $4k profit over the week. At the time I felt good about it since it was a quick turnaround (my strikes were 555/560, and I sold at 562)
Today, SPY opened at $565. Had I held (my calls expired 9/30) I would be immensely richer now. I didn't want to hold into this week because it'd be hard to predict the market before FOMC, though I do have puts now (that I regret buying)
Before, I felt like greeding wasn't worth it because holding onto unrealized gains was always worse than taking realized profit. Cashing out feels really nice, but this experience makes me wonder if greeding (on WSB they talk about "diamond hands") can actually motivate me to hold out for a better cash out price?
I'm obviously never straying from my strategy for far out dates, no emotional moves, etc., but it's hard to predict the market until you see what it says. Idk I'm miffed
Posted by Rabbi_Banker271