Hi. I'm fortunate to have about 2k shares of VCX at the price of $10. Unfortunately I wasn't able to lock in any gains when the stock jumped to $500+, but even at $115/share, are there any decent options (pun intended) where I can lock in some gains, or are the options prices just not worth it right now given the volatility?
A $100 put for example was $20 yesterday. $80 was $10 and $70 was $5. Is it perhaps worth grabbing some $70 (or lower) puts in case the stock tanks? Should I sell a $150 call at $10 (for some portion of my 2k shares)? These are just examples.
I'm clearly not very good with options and am looking for advise on what you guys would do in this specific situation if you were trying to lock in some gains and/or protect against a further decline.
Thank you.
EDIT: Sorry, I'm an idiot and forgot to mention the most important thing; I'm restricted from selling for 6 months... Hence I want to try and use options to lock in some gains if I can.