lusa,The bid on the Oct 25 puts is now below intrinsic value, so there is a realistic risk of assignment at any time now. The only way to eliminate the assignment risk is to buy back the options. Once you have done that you have closed your position and have, I assume, recognized a loss.There are people who will call rolling the option out to a later month, or rolling the option down and out to a later month and lower stock price, a "repair" strategy. I do not like the word "repair" because all you really accomplish by rolling is closing one position and opening another.With the stock around $17.00, most naked put sellers would prefer to sell a put with a strike price nearer $15.00 than $25.00. If you simply roll out to another $25.00 strike price you are selling puts that you probably would not sell under other circumstances. Since the position you closed is history, I see no reason why the previous trade should have any impact on your next trade.I would only roll down and out, maybe selling puts with a $15.00 strike, if I was still quite optimistic about the stock and I had a reason to think that the current slide is about to end. However, any stock that is continuing to go down is the proverbial "falling knife" of the "Never try to catch a falling knife." fame. Even without being a TA believer, I see a lot of wisdom in that advice and try to follow it myself. If I had not, I would probably would have sold some YAHOO puts with a strike of 100.In short, the worst thing you can do is panic and try to prevent the loss. Once the stock has dropped it is too late to prevent the original loss. Accept it and move on.Good Luck,Z
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