My long AAPL Apr 320 Call @ 34.7 is under water. Apart from converting it into a bull call spread, is there any better way to repair it to lower the breakeven without increasing the risk too much? Thanks!
convert to a fly.... but I agree that waiting this long with expiration looming has taken away your options. Close it and re-evaluate your call. Perhaps May? If your bullish why not do a put credit spread.
Sell and buy 8 contracts of AAPL Apr 2011 345.00 calls @ $4.00 http://finance.yahoo.com/q?s=AAPL110416C00345000