### Comment:
I’m an idiot so bear with me. Why would you lose money on those covered calls? I’m not even sure what covered calls are.

### REPLY:
It's more like losing potential profit. I own shares of AMD that I wrote covered calls against. AMD is rocketing up and I've had to roll my covered calls a couple times already in order to not get exercised, which would force me to sell my shares at the strike price, which is less than AMD's actual share price. So since I keep rolling them up and out in this situation, I am paying money... but less money than just buying them back outright.

### END.