just to cover your loss
You can right a weekly/monthly put just to cover your loss. if your loss is $0.60, just write a $0.70 out of money one. that way the strike price will be lower. And hope 50MA helps.
You can right a weekly/monthly put just to cover your loss. if your loss is $0.60, just write a $0.70 out of money one. that way the strike price will be lower. And hope 50MA helps.