Need advice on my calls. And potential strategy to cover the losses from them.

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Tickers, strikes, expiration, cost basis?

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Go on...

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Unfortunately I may sell and keep what you can. Downside in these stocks is a lot more than upside potential - I think they peaked on Monday and people have begun selling off to lock in gains. Especially if market continues to pullback these stocks will bear more of the brunt of that.

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Yes - may get a nice pop this morning. If you choose to sell, do so earlier while volatility is high

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How about selling a 19JUN 20 against the 20? And a 22 against the 23?

Perhaps wait to see how far we bounce up by 1ish tomorrow.

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Trying to understand how the selling options works. In the event that the stock price rises above $20 for the options I sell that means that I have to pay the buyer with the stocks?

Always set stop loss

MGM 23 July 24 cost $2.6
MGM 20 July 24 cost $3.2
ERI 18 Sep cost $5.7

🙍🏻‍♀️

Sell on this gift bounce. And re-evaluate entry for puts or calls.

Yea guys - MGM sold with a loss but ERI sold with a small gain

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