The $1.5M "Opportunity Cost" Lesson: DOCN Exploded
u/imacompnerd ·
Reddit — r/thetagang
· May 07, 2026 at 13:18
· ⬆ 32 pts
· 💬 20 comments
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I figured you all might appreciate a somewhat extreme example of watching "missed profits" via covered calls.
DOCN has absolutely exploded to the upside. Way beyond what I ever anticipated. Currently, I am sitting on roughly $1,500,000 in "missed" profit.
Before the "hindsight is 20/20" comments roll in, here is the reality of my trade plan:
* I sold CCs at strikes I thought were completely unrealistic.
* Had I not sold the CCs, I would have sold the underlying shares at those same price targets anyway.
Logically, there was virtually no scenario where I actually captured this move, as my exit strategy for the shares was aligned with the strikes I chose. Even so, looking at the current price action and seeing seven figures left on the table comes with more than a "slight" bit of annoyance.
It’s a massive reminder that while CCs provide a great income floor, they really do cap the "insanity" upside. All part of the game.