I didn't bet the farm on AGNC. I diversify. Unfortunately with options, diversification doesn't mean #$%$.
I lost money buying puts on
I lost money buying calls on
I made money buying puts on
I made money buying calls on
Yep, I know I have only myself to blame. If I were not so desperate due to losing my business and my savings, I would have never traded options in the first place. I was right in 2010 when I argued that options were 100% more riskier than stocks. But, I saw all these posts about everyone on this forum making so much money on options, so I had to jump on the bandwagon.
I thought there would be nothing worse than preparing myself to die of cancer. Nope, this is even worse, I'm going to be homeless. Now I know how Job felt. Thanks again options...
My heart goes out to you, Olee; I hope you're not really homeless. Yikes. Do not give up. You know that the guy who founded Patron Tequila and Paul Mitchell Salon Products was once homeless living in his old car. Today, he is worth $5 billion. Things change.
I have made some mistakes investing, but I have stayed away from options and margin. I am staying with my strategy of buying high-yield securities 'cause they still pay even if the PPS goes down.
Hope you're staying on this board. When is the OPEX for you?