Double down BRO!!!! It can't keep going higher! For reals though, time to hit the eject button and bail on this bitch.
Losses are a part of trading...if you cannot accept this then don't pull the trigger. Learn to take a loss and move on.
Yea...this has been discussed to deaf already. Selling premium is like averaging down...you will win 90% of the time until that 10% wipes you out.
sell short or put is the most stupid thing to do! there is limited gain, but unlimited loss. most people would be instutions to do that, since they are not naked to short, they have balls (lot of inventory)to cover their ass hole a sure way to lose more than you think. close out immeadiately. you are playing fire.
it is not an unlimited loss since you will receive a margin call. it is also true of short sales of stocks. best strategy, as previously mentioned, is to close the position.