Bought shares bought option strategy

clancyfish said:

Is there any number of strategies that can be employed to the following:
bought 1000 shares xyz @6.11 in Feb now down to 4.50
simultaneously, bought an option xyz @.64 now down to .015 with expiry Dec 11.
Now, to get out of this or turn to advantage with a strategy/s - is this possible, theoretically speaking. Many thanks to anyone that puts their head to this.

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clancyfish said:

Is there any number of strategies that can be employed to the following:
bought 1000 shares xyz @6.11 in Feb now down to 4.50
simultaneously, bought an option xyz @.64 now down to .015 with expiry Dec 11.
Now, to get out of this or turn to advantage with a strategy/s - is this possible, theoretically speaking. Many thanks to anyone that puts their head to this.

Click to expand...

mazzatelli said:

What is your outlook in terms of price and or volatility?...then possible actions can be discussed

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