I sold CCs at 100. If it goes past $100 honestly I’ll be fine, I’ll buy 2028 LEAPs with the proceeds and wait until after neutron to sell those when it pops then buy even more shares. This is in my Roth so I don’t mind switching between shares and options. I scalp leaps when it is pumping then sell them to buy shares and sell CCs when it is flat or correcting. It’s such a volatile stock you can make more swing trading on it than just plain buy and hold, and the IV is high enough that the premiums are juicy if you don’t mind getting assigned or rolling them out. It usually pulls back pretty severely after a run so honestly if you roll them out you’re usually good for the next pullback.
Never sell CCs after a pullback, wait for it to consolidate or sell them right after a huge gap up and bull run so they drop in value after it corrects. This stock is kind of wild but also predictable enough to make some good profit in the swings.
Yup, as long as their isn't fraud involved or something similar, debt like this is an unsecured debt similar to credit cards.
The firm would likely either send it to collections or they would file a lawsuit and try to collect via your assets if it was a very high amount and they thought it would be worth their while. Outside of that, you could file for bankruptcy and do a repayment plan or, again, just have them take any non-exempt assets they want.
You understand that Powell went on TV and said how the December rate cuts isn't a done deal right? So now those deep itm puts earn a higher rate of interest if exercised and turned into cash. If not exercised the puts will bleed value slightly faster due to forward rates moving up which is why they were exercised.