I have 14 contracts put option UPS $110 expiring on 816 the current price of the stock is $125.98 with the expected forecast for small gains in the stock price and I'm already $28 on a loss on these contracts what would be my best option to turn around for profit

To address your query on turning around for profit with your 14 contracts on UPS, we should consider the following strategy:

1. Identify Stocks with Recovery Potential

• Look for stocks that have experienced a recent price drop of at least 20% to indicate a potential turnaround opportunity.
• Favor stocks with strong earnings growth rates to support recovery.
• Consider stocks with a low to moderate price-to-earnings (P/E) ratio for reasonable valuation.
• Market capitalization can help narrow down to mid to large-cap stocks, which tend to be more stable and have better liquidity.

2. Evaluate UPS as an Investment:

• Current Price and Loss: You are currently $28 on a loss with your 14 contracts on UPS at a $110 strike price. If the stock price is not expected to significantly increase, exercising the options and buying the stock at $110 would lead to a loss.
• Market Forecast: The average 12-month price target for UPS is $159.17, with a high forecast of $184.00 and a low forecast of $100.00. This suggests a potential upside, but it may not fully offset your current loss.
• Short-term Trend: UPS is expected to fall by -9.88% in the next 3 months, indicating a bearish short-term outlook. This could further exacerbate your losses if you hold the stock or options.

3. Alternative Strategies:

• Consider Cash Alternatives: If you believe the stock will not recover significantly, you could consider cutting your losses by selling the options for their intrinsic value, which is $125.98 - $110 = $15.98 per contract.
• Leverage Options: If you are willing to take on more risk, you could consider buying to close your put options and selling call options at a higher strike price to profit from a potential increase in the stock price.
• Portfolio Diversification: If you have other investments, diversifying your portfolio could help mitigate risk and potentially provide better long-term returns.

In conclusion, given the current situation, it may be prudent to consider selling the options to minimize losses rather than exercising them and buying the stock. However, your specific decision should align with your risk tolerance, investment goals, and the market's future performance.