Tachino pretty much says it all - long calls are generally a bad bet and rarely pay off unless the stock makes a big move relatively quickly. Also, when a stock is beaten down like this the IV tends to be high, making calls expensive. When the stock goes back up, IV tends to go down, which hurts the value of the long call. In cases like this you can see the stock move up but still lose money on the call. Buying a long call as a speculative bet could work, but keep your position small. Another approach could be to sell a short put. It has a limited reward, but a higher chance of successPaul
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