This is not life-altering or urgently concerning for me. Although, obviously, it’s been bugging me and I’m wondering if there is an unbeknownst method to recover quickly and efficiently.
I purchased shares of Lucid Motors (LCID) and Polestar (PSNY) in 2020:
LCID: 700 shares @ $26.76 | PSNY: 700 shares @ $12.31
I’ve been selling covered calls and making decent money to offset the unrealized damage. It’s definitely helping, but I’m wondering if there’s another route(s).
Does anyone have insight on these stocks and can recommend a more efficient recovery strategy than selling covered calls? E.g. multi-leg spreads, selling the shares, etc.
Thanks
[link] [comments] https://www.reddit.com/r/stocks/comments/178p2py/best_strategy_to_recompense_unrealized_20000/
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