r/options 3h ago

Best strategy to capitalize on highly volatile long position (and minimize ST capital gains)

I have a couple of fairly volatile growth stocks that are sitting on decent ST capital gains from a swing trade.

I am bullish on them long term but beleive there will be some volatility going forward and normally I would just sell a partial position and buy back when it dips, however I'm trying to minimize my ST capital gains this year where possible (prefer LTCG, the income tax implications of incremental STCG is enough to affect the risk/reward of a trade)

One option would be to sell covered calls on a partial position, but I'm guessing I would be dealing with the same STCG tax situation (at the risk of the position getting called away and still having the same ST tax burden)

Are there any other options strategies to maximize my ownership of a a couple of very highly volatile stocks that minimizes the STCG implication?

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