Off topic, but curious what you'd do in my situation.
Back when market was tanking, I hedged most all of my NVDA position when the stock was around 160. I was fearful of losing stock value, so I sold calls against most of my position to fund a put spread.
The calls I sold were -C300 50x 6/21/24 at 176.54
The put spread expired worthless.
I had actually rolled these sold calls up once from 250 and payed a hefty premium. Now the situation is basically untenable. Sitting on about $2mm gain in stock that I will likely lose out on from being too slow to continue rolling the position as the stock went up.
Worst part is my cost basis on NVDA is $38, so it's going to be a massive capital gains hit if all the shares are sold away.
Advisors are telling me that if i'm still bullish on NVDA, to simply take the loss and re-enter the position. Just wondering if you'd have any suggestions. Shitty situation to be in.