I purchased AMC stock at $12 a share a year ago when roaring kitty was pumping GME, and without much knowledge, I assumed the stock would hit the moon again. Since then the stock has fallen to $2.5 a share or so. I'm wondering if there is a way to make some money back without selling at a loss? I don't necessarily want to DCA into it, but should I purchase long dated calls or sell covered calls? Hoping it will go back up in the future
What kind of stragies do you use to hedge your positions?
Edit - Meant to write AMC. Autocorrect kicked in.