Cue the overly optimistic music, because I did not see Novo resolving that shortage so quickly. I was more on the "they're not that competent or motivated side," but I was wrong, and now I am in position of two short puts at $67 from a calendar spread that will be assigned on Friday. Considering the entire trade, my cost basis on the shares I am about to own will be $52/share. The question is, do I take the loss, or accept the shares and dig myself out of the hole with CCs?
I think it would take two weeks to a month of selling weekly to do the job, provided the stock does not crater back to the 200d, and the IV doesn't collapse, so the premium is sufficient to reduce my cost basis and cover carrying costs.
Curious what everyone's thoughts are.