My amzn & Google naked put sell is In deep red . How to play it on Monday to recover the loss.

Raj, you're a millionaire, this is peanuts.

 

The only way to become a billionaire is to double down.

 

Is the below strategy ok for amazon and similar for google
1 Long atm pull debit spread. 2095/2065 28Feb to stop further loss and
1 Long atm call debit spread 2095/2130 28 Feb to recover losses quickly before expiry.

 

Maybe try to offset with a Guaranteed Stop Order?
https://www.plus500.com/FAQ/Trading/WhatIsGuaranteedStopOrder

 

Thanks ph1l. Didn’t expect this much down.
Now my 8k is in risk.

 

Just cover your shorts, and walk away.

 

Thanks for the response IAS_LLC.
Taking 8k hit is a big loss. Can suggest a way to recover some at-least ?

 

Lolol!!!

 

Thanks Overnight for the response.
These are CFD options. Broker close it one day prior at market price.
Nope. Don’t have deep pockets to own these stock/cfd.