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Softening the blow from bad longs
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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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