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Need Advice on PYPL Assignment & GOOG Roll Strategy After Recent Hits (SP)

G
Feb 13, 2025 · 01:48

Hey,

Looking for some input after the recent market hits.

I’ve been selling puts, and here’s where I stand:
I got assigned 300 shares of PYPL at $86. Ended up buying back the other 2 puts for a loss to prevent further downside exposure. CCs are barely paying pennies right now, making it hard to generate meaningful premium. Other than just waiting for a recovery above $86, is there any strategy you’d recommend to manage this position more effectively?

I’ve also got 5 open contracts on GOOG at $195 strike, which I already rolled from last Friday to this week’s expiry. Planning to roll them again to 2/21 and down to a $192.5 strike to cut losses gradually. What’s everyone’s take on GOOG’s recovery potential in the near term? Does this roll strategy make sense, or should I be considering other approaches?

Appreciate any thoughts, strategies, or similar experiences you’d like to share. Always looking to improve the game.