jdb...when they get so deep under, (95 strike, stock at 40+), an assignment can occur prior to expiration. as far as repair, why not write some may 45 or 50 covered calls against your new position, either for added income or to get called away.
if you are still a believer then hold on to it, your decision.
i had jan 2001 aol 200 put to me last year, with an adjusted cost of 115, with the stock at 88 or so. sold half the assignment established a tax loss, and got lucky to sell the balance around 140, prior to the aol/tw deal. |
