Value investor Duan Yongping posted on Xueqiu on September 15, admitting that he did not dare to add to his position in Occidental Petroleum (OXY) when the stock fell to around $40, acknowledging that he does not truly understand the stock. On the same day, he decided to fully cover selling call options, stating that he would not mind if the calls were exercised.

Duan wrote in the post: “If you don’t truly understand something, it’s also hard to copy homework. A while ago when OXY dropped to around $40, I didn’t dare to add positions, which shows I don’t truly understand it. Today I fully covered selling calls; I won’t feel sorry if the calls get exercised.” The remarks reflect an investor’s reflection on his own trading decisions and his stance on OXY’s current price level.

Occidental Petroleum is an international oil and gas exploration and production company whose stock has recently experienced significant volatility. Duan has previously discussed the stock publicly multiple times, but this post explicitly admits missing the low-price opportunity and choosing to manage position risk through selling call options.