Okay, first time I'm looking at repairing a position, or at least getting ready to repair one. If you are long a call, but the position's turned (or is turning) against you for one reason or other, what might be a decent way to minimize the loss on the call premium? IE, You're long 10 ABC Calls JUN 65 that are $700 in the red. Stock price is 63.35, down from 64.90 when the option was purchased. Would selling 10 JUN 60 puts 'repair' this position or at least minimize losses if the underlying continues to fall to the strike price on the sold puts? Obviously, if the underlying goes up, the put expires worthless, I keep the credit, and the call is profitable. Is this a viable repair strategy on a long call position that's becoming unprofitable? Thx for the conceptual guidance....repairing a position turning against me is something new for me here.