re: Is anyone following WorkHorse ( WKHS )?

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Hit 20 today early.

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Yep. Major weakness in the EV sector today. My net break even is 20.60 on this trade. Assuming that IV stays roughly where it is now, ATM calls going out two weeks are pricing at approximately $3.00. So if I get the shares next Friday, I’ll sell calls against it and bring the break even down to 17 and change - and I’ll keep doing that until it eventually gets called away (or implodes).

Now, that’s “the plan” anyway (which is a contingency I decided on BEFORE entering the trade). The risk is this turns into a $5 or $10 stock (or goes bankrupt) while I’m doing this Wheel Strategy. But that’s the risk whenever one is long stock.