Close the Boeing and GE Calls for a Loss

We bought the Boeing (BA) Jan 2023 $240 Calls for $41.00 in Nov 2020, and shares of Boeing have been in a downtrend that doesn't show any sign of abating. We have a full year for these calls to expire but we're cutting our losses today and closing this position at $23.05 for a loss of 44%.

During Nov 2020, we also purchased the GE $12 Calls expiring Jan 2022. The shares reverse-split 1:8 during 2021, and while the stock is at $101, our $96 strike Calls are worth $6.30, which is less than the split adjusted purchase price of $10.64.  We are closing these Calls for a 41% loss.