Long call repair?

[turkeyneck]

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!

 

[weewilly]

Why did you let that run 12+ points against you?

Take the loss and move on.

 

[RichardRimes]

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.

 

[simonep]

How much is your call worth now?
And the same call with 310$ strike?

 

[noob_trad3r]

Time machine?

 

[Crispy]

Whats your current stance on the name?

 

[ForexForex]

Quote from turkeyneck:

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!

Sell and buy 8 contracts of AAPL Apr 2011 345.00 calls @ $4.00

http://finance.yahoo.com/q?s=AAPL110416C00345000

 

[turkeyneck]

Took loss and moved on.