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Netflix, Inc. Message Board

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  • sandyeggojake sandyeggojake Mar 8, 2011 3:15 PM Flag

    HELP!! Got long $240.25 with IRA money

    Cut your losses, as this could get much much worse. Sorry. You bought a bad one here.

    You might wish to do a conversion to a Roth for just these shares. Then wait for a pop and sell...and yes, sell covered calls. But then if it tanks farther....recharacterize back to the IRA. At least this way, you will not face tax on the appreciation...if any.

 
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