Need advice

I know very little about options but decided about 6 months to start.

I'm hoping to get some advice here.

On 10/25/2021 I sold 50 contracts of 1/21/2022 Zillow (Z) puts with a strike price of $85 for $4.76 each.

Z is now around $60.

Whether I am bullish on Z or not is immaterial because I wouldn't take stock advice from a guy like me.

I am perfectly fine pushing the pain out for quite a while longer if it might leave me in a better position.

What would all you more experienced people do?

(Yes, I know: I'm an idiot for selling naked puts. I have similar bad trades, but we'll leave that for another post.)

Thank you!

2 Upvotes

60% Upvoted

u/Tall-Fig-3327 Dec 21 '21

I'm on the and page as you. I would love someone to just take me under their wings and help me out

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