No. of Recommendations: 0
So if I sell the most recent ones that expire in 8 years now and the stock drops the older ones will still be in the money, but if I believe the stock will rebound it doesn't really matter.

That is a good possibility. Likewise, you should also explore protecting your longer-term options with LEAP put options.

LEAPs are longer-term options for the underlying stock. By buying a LEAP put, you are protecting your investment against a drop in price below a certain price. In effect, you are locking in your shares at the strike price if the stock price falls below that level. If the stock goes up, you lose the premium you paid (similar to home insurance) but if the stock goes down for some reason you are protected.
Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.