Totally Got screwed on my Meta covered calls Position after today's Meta Rally
u/Ali97571 ·
Reddit — r/options
· July 02, 2026 at 04:02
· ⬆ 3 pts
· 💬 14 comments
| View on Reddit ↗
AI Summary
Summary
The thread critiques selling covered calls (CCs) on Meta, arguing it’s not a “free lunch” and can cap massive upside.
Dominant sentiment: regret and caution – CC sellers on META left “billions” on the table during rallies.
Consensus: only sell calls at a strike price you’re genuinely comfortable with; rolling to save a position can be costly.
Score3
Comments14
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[+13] u/SDirickson: >I started making covered calls recently with the whole intention of being safe.
That's an oxymoron.
DON'T SELL CALLS AGAINST SHARES YOU AREN'T WILLING TO SELL AT THAT PRICE AT THAT TIME.
It really is that simple.
Yes, you can try to keep rolling up/out to save the position; how much is that going to cost?
By whom did you get screwed?
[+11] u/Sufficient-Flan1565: If you “knew” there is lot of upside to meta you shouldn’t have sold these calls in the first place. Anyway that’s in the past.
If you still think that there is lot of upside to meta, buy to close these calls back. Sell some of your meta shares to “buy to close”.
I repeat only sell calls on your shares at a strike you are comfortable having your shares be called away. You will sleep better at night and make money in the long run
[+5] u/AnyPortInAHurricane: Ive said selling covered calls is not the free lunch so many like to profess.
So many CC sellers in the chip space have gotten their head handed to them .
They didn't lose money out of pocket, but how much did they leave on the table ?
BILLIONS
Multiple upvoted comments note that CC sellers on Meta “got screwed” by capping profits during big rallies, implying strong bullish momentum. The community’s regret suggests they believe Meta has continued upside – buying shares (or avoiding CCs) avoids leaving money on the table. Hold or accumulate Meta shares without selling covered calls; allow full participation in potential further gains. Counter-argument from thread: CC selling can still be profitable if you pick a strike you’re willing to sell at; the stock could also pull back.
This Reddit post, published July 02, 2026,
features r/options community
discussing META.
1 trade idea extracted by AI with direction and confidence scoring.