Hey Team, for a couple years I was doing great selling daily covered calls (my only options experience) against various longs in my account. I uncharacteristically got distracted around tariff/Liberation Day and made some emotional bets on my SPY that got a little away from me so I was forced to move away from daily to longer dates thinking things would pivot. Had a very unexpected injury/health crisis/long recovery, and I just sloppily moved longer and longer on my dates with little thought and we all know how the market has gone. I was ready to close this out and move on at the initial drop point of Iran conflict BUT I DIDN’T and the recent to-the-moon recovery and new highs have chomped me even more. I’ve just been ignoring this or staring blindly for a long time. Thanks for looking and any input/advice/WTF-man/or whatever you may offer.
Some other caveats to note:
* I looked back at SPY premiums collected over time and what I did with it (reinvested) – I am at a gain over what I am losing on this trade, so it kind of helps me on that mental note
* In addition to bullet above, this isn’t the only $ I have in account, so I can close this trade out and call it a day… or I can cover a longer term debit rollout to get my strike back up to something closer to current trading
* Mainly just wondering if others would close this out and get back into the daily grind of selling covered calls? Rollout to something like year-end with (?) strike? Let it get called away and buy a boat? Something else?
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| Symbol / Position | Price | Position Value | Day Change | Day P/L | Total P/L |
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| **SPY** | $736.535 | **$886,103.89** | +$4.955 | **+$5,961.21**| **+$265,759.78** |
| STATE STREET SPDR S&P 500 ETF UNITS 1,203.071 |
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| **SPY 605 Call** (Jun-18-2026)| $136.59 | **-$163,908.00** | +$4.58 | **-$5,496.00**| **-$94,772.15** |
| Contracts: -12 -3.47% |
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