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r/optionsr/options· u/judechrist4444· 2d ago 0

Softening the blow from bad longs

Investor summaryNeutral

Author asks for options strategies to recoup losses from losing OTM LEAPS positions.

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So I sometimes buy OTM LEAPS and unfortunately some of them have turned sour (I don’t expect them to reverse).

What are my best options to recoup some of the losses?

I was thinking selling a further OTM call to create a debit call spread, but is a better strategy?

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