I need advice. I don't know what to do. I have so many ITM BPSs that I will run into serious margin trouble if the SP keeps dropping.
Option 1) Selling enough shares to take the full loss on all of them and just be done. This will leave me with 1/3 of the shares I had at the beginning of the year, and forever limit my upside potential. This will affect my lifestyle and eliminate any possibility of the massive charitable contributions I wanted to do later in life.
Option 2) Sell just enough shares for a little more margin cushion, and pray we don't go much lower, and we recover by Jan 2024. Riskier, but life goals may survive. However, if we do go lower, I will have to sell even more shares than in #1 and be even worse off than I would be with Option 1.
P.S. - What is really making me mad, is that I know as soon as I'm fully destroyed, the stock will climb just like we have all expected it to do for months.
Edit: Taxable account, so I will get wrecked on taxes selling lots of shares too....