Also the 125 Jun'24. That doesn't seem long enough dated. BWDIK?

I agree that's a bit short dated if the goal is the sensible one of giving valuation time to work its inexorable magic on the stock price.

But nothing says that has to be the end of the story. If it's getting late in the year and nothing good has happened yet, a buyer of the Jan 2024 can always sell those and buy later dated ones at that time. That ties up less money from now till late in the year (smaller maximum loss among other things), and who knows, it might pay off quickly. As an added bonus, you'll have several months more information to help make a more informed decision about whether and how much you want to remain long next year.

I did that with my last round of BABA calls for which I went uncharacteristically shorter dated. During that stretch the "rule #1" outlook kept going from bad to worse in my assessment, so I just let them expire worthless and moved on.

Jim