I agree with you 100%. However, the majority of my funds are invested very conservatively. This account was for fun/trading. Something to get excited about every morning. Occasionally I get stuck in a trade for a week or so, but never this long. Curious, where do you think it ends up by year's end? Think $25 realistic?
A 230K holding for fun and you pick a dead dividend stock to trade? and now you are getting concerned about being down 20K. I would assume if this if for "fun" your portfolio is multi millions so if you get anxious over a small short term decline you probably shouldnt trade.
You are about to get a 2.2K payment and if all you really care about is getting back to even sell the 1/14 22 covered calls for another 11K and you will either make four percent over the year or collect the 11K premium now plus another 9K between now and then in dividend payments and still have the 10k shares.