Continue to hedge and be ready to take profit
My DIS holdings as of today's close $Disney(DIS.US$ and UPST $Upstart(UPST.US$ They are all in a state of loss, yet during this period of decline, buying low and selling Covered Call high has instead made my total position profitable, and AMZN $Amazon(AMZN.US$ Covered calls have also increased my profit.
The exercise prices I chose were all able to enjoy some of the increase even if they were sold too far. The exercise dates were at the end of September/early October. On the one hand, I was worried that September might drop briefly; on the other hand, options that expire in one month reached a balance between time value and operating space.
I have been optimistic about these companies for a long time, but I don't mind selling them at any time; cash is waiting for an opportunity. In the current environment, having a bank or buying short-term treasury bonds has considerable benefits.
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