CCS
CENTURY COMMUNITIES, INC.
stock NYSE

You got to be shitting me, just when I closed my SPX CCS

You got to be shitting me, just when I closed my SPX CCS

Because if you're just blindly selling CCS to 'recapture losses' you're not following any sort of logic behind it other than "oh shit I'm down, let me try to recoup some losses".
E.G. you buy a stock at 100 because you feel it's undervalued. It goes to 80, it should be super undervalued in your eyes now, no? Unless your thesis changed, if it was a buy at 100, you shouldn't just start $90 CCs when it's at 80, because in your eyes it was undervalued at 100.
Also mean reversion is a thing. If a stock tanks 20% as part of a broad market sell off, there will be a recovery eventually. The worst thing you can do is watch it drop for 2 weeks, panic, then cut off your upside for a tiny payoff. This all assumes there's no specific news/market conditions causing your stock specifically to drop.
Something something you miss out on 60% of the market gains if you miss the 5 best days each year, and those 5 best days usually come after some of the worst days. So selling covered calls after the worst days is something I personally wouldn't look to do.

Joined bandit on  AMD1 CCS 360/395 and 1 naked 400