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CAVA Jan 19, 40 puts, suggestions
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So I bought these with the anticipation of a drop after the IPO share unlock which happened last month. Sadly (for me) CAVA defied the odds and kept moving higher. I know I should have unloaded these earlier and had a more concrete exit strategy (that is always the first suggestion ppl make, and I realize now how important that is to stick to, but it is past that point today) so what I am asking at this point is does anyone have any suggestions for what to do with this at this point? I could just sell at .15 and take the lump, or I could roll. I have a level one basic options broker account so I can't do more complex strategies at this moment.

Any constructive suggestions are welcomed. My cost basis is .79. I have 2 contacts. Thanks. Happy trading!

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Posted
1 year ago