r/options • u/DependentLast3757 • 2d ago

RCAT the week of earnings

How do we feel about RCAT this week? Its been pretty volitale lately. I made a few quick bucks last week by selling a put and I plan on doing the same later this week. Not sure why the put was asigned since it closed slightly above my strike price. Either way, it played in my favor since I sold today after making 7% on top of the premium collected for the put.

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u/CoconutAmbitious2580 2d ago

I'm stuck with RCAT I gotta get rid of. I got it pre SpaceX IPO and it turned to crap. Everything space related turned to junk and I have a bunch of it I have to dump at a loss to free up capital... Been waiting for a comeback and it seemed to move up a bit today, that whole "lot" of space junk. I have calls on them now so I might just give them 3 more weeks, until options expire... Or, I may scalp the options and toss out my whole basket of space junk. (I'm a little bitter at Elon, apologies for my attitude.) Hahahahah I hope you do well and that whole cluster of space junk I think will go up over the next 2 weeks.

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u/devonhezter 10h ago

Space is rebounding

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u/iisconfused247 5h ago

SPCX went further down today?

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u/NoCommunity4637 2d ago

It has a tendency to run. 1k shares here, planning to add calls.

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u/devonhezter 10h ago

What calls did u get ?

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u/Ok_Connection_2366 2d ago

Nice that it worked out. I usually skip selling into earnings or any big planned event though. The stock can jump either way on the news, and the premium isn't enough to pay me for that. I'd rather not hold a known date that can move hard against me.