I am long 200 shares < 5% per rules and added this higher beta name to compensates for my lack of delta. It quickly turned south and I was left holding the bag (a fool and his $$$ were lucky enough to get together in the 1st place---BH) I did reduce basis by immediately selling calls and have reduced basis by 6.30. With earnings
approaching 5/2 I need some upside momentum but is still pretty far off. I am considering a 1 by 2 call ratio spread for a .14 credit if set @ 33/35 (if placed today) This would give me the most options of rolling out short strikes and is fairly neutral....letting the risk ride with a "stock repair" options strategy to help me break even or little better. My other consideration is to sell the ATM straddle, which adds risk and if placed today @ 31 for a 4.28 credit is much more aggressive. With by break even price now @ 32. Publishing this post to try to get in the habit of posting ideas and learning to use functions on charts.