I think reverse slip is better. Reverse splits are usually when the stock price drops so low it's in danger of getting delisted.
I bought Apple twice many years ago...Did covered calls on them. You guessed it...Both got called away. I also bought BABA last years at $179. something (100 shares). It is China, so I wanted to hedge my investment (not see a Luckin Coffee situation). I optioned the Jan 21 at $180. I got over $21. ($2,100. for it). It will get called away. At the time it seemed like a wise choice (take your built in profit and run). In March/April it dropped down to $160. something...Here we go. But it came rushing back! Take my profit and don't look back. PS I had a hot finger on Royce Global Trust (RGT). I thought I put in my bid for 1000 shares...It was 10,000. I caught the mistake at about 3400 shares. I was up as of yesterday about $14,000. + dividend. Greatest hot finger mistake I have ever made!!
Every freaking trade I've done for 20 years, instead of just staying long and trippling down on pullbacks...
Let me ask a stupid question. Does anyone go on vacation (excluding current pandemic times) by packing a bag, jumping in their car and just driving off down the road. Some might make a spur of the moment day/weekend trip nearby. But I'm talking full blown week, two weeks no reservations that night nor any other. No destination in mind. Just drive. Doubt many do. Then why put so little thought into why you would buy a stock or option or both without a game plan? If it does this I do that, etc.