Selling covered calls on a stock youre down big on?


So im holding about 812 shares of PLTR at an average of 14.92. Im down almost 50% and just want to break even and get out. Ive considered tax loss harvesting at the end of the year if things are not looking up. In the meantime should I look into selling covered calls or puts to recoop some money? How does it work? Can anyone ELI5 or send some good resources?


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