Screwed up pretty badly with avgo last week… but learned something

So I don’t trade options often. 100% an amateur, admittedly, so I stick mostly to index funds etc, but I have had some fairly big wins mostly out of luck the last few years.

So I was feeling FOMO the week before last with Dell and all the other micron stuff going on and so on 5/29 bought 20 AVGO calls $432 strike expired last Friday (6/5). $450ish break-even. I more than doubled at times… avgo got up to almost $500. I should have taken the profit obviously but wanted to ride through earnings figuring the premium would still be there. Just not the way to think

Of these things I get it.

But I also screwed up in another more fundamental way. I wasn’t prepared after earnings to act. I didn’t realize I could have called my brokerage and had them exercise my calls after hours while avgo was still deflating. I most certainly would have closed them right when I saw they didn’t pop but it took a while actually for them to fall back out of money.

What an amateur mistake. I know I could have saved my premium at least. That will eat at me for a long time.

If there is an earnings call happening and you have a lot at stake ffs get on the phone with your brokerage

If you have to. I didn’t even realize that was an option.