Covered Short Strangles under cost basis anyone ? Alternative to stock repair strategy ?

About 4 months ago, I got absolutely hammered on HOOD and RDDT, getting assigned at roughly 34% in-the-money. Instead of just sitting on dead money or selling boring, pennies-on-the-dollar calls at my original cost basis, I decided to play it aggressively. I’ve been consistently trading \*\*covered short strangles \*under\* my original cost basis\*\*. The strategy has been working surprisingly well. In the 4 months since assignment, I’ve managed to chip away at my cost basis by \*\*almost 40%\*\* (calculated by the delta between my P&L Open and YTD Open). My ultimate goal is to free up this capital and deploy it elsewhere, as I don't want to hold HOOD or RDDT long-term. Obviously, selling calls below basis runs the risk of getting called away at a capital loss if the stock rips, but the premium collected so far is rapidly bridging that gap. The biggest headache is managing the downside risk on the naked put side so I don't double my position size on a stock I want to exit. Just curious if anyone else here is using aggressive, below-basis covered strangles as a rescue strategy to recoup and exit a bad assignment? I’m also curious if anyone is using the Stock Repair Strategy?? Boggles my mind why it’s not popular. The \*\*Stock Repair Strategy\*\* is a cost-free options setup designed to help you break even on a crashed stock twice as fast as waiting for a natural recovery, without deploying any extra capital. For every 100 shares you own, you buy one at-the-money (ATM) call and sell two out-of-the-money (OTM) calls for a net-zero cost, creating a ratio bull call spread. This effectively lowers your mathematical breakeven point to the halfway mark between the stock's current low price and your original cost basis; if the stock hits that halfway target, the combined gains from your shares and the call spread allow you to exit the entire position completely whole, though you completely forfeit any upside if the stock skyrockets past that point.