Thanks again. I dipped into 3 of those puts at .32 each. I may go back for 2 more tomorrow at .36 or so. I believe in the company and think it will rebound. I believe I will make money on these either way, as I wont mind buying them if I have to. The Jan calls I have I sold 10 at average 75 cents each. So I have a pretty good profit. Thinking of buying them back and then waiting for spike in price and sell something greater in value but lower in strike price.
Your strategy sounds pretty good and I hope to use it again in some other positions. GLTA
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