Am I Cooked?

Hey everyone, I’m a first-time LEAPS buyer and honestly I’m getting pretty nervous. Here’s my position: **GOOGL Jan 21, 2028 $250 Call** Bought it for **$150.00 ($15,000 total)** Current stock price: **$354.30** Current option value: **$133.50** Current P/L: **-$1,650.66 (-11%)** Delta: **84.95** Theta: **-5.35** Vega: **98.20** About **17 months until expiration** (Jan 2028) I purposely bought a deep ITM call because I wanted it to behave more like the stock. My thinking was that GOOGL is a great long-term company and I wanted leveraged exposure instead of buying 100 shares outright. The thing that’s scaring me is seeing a **$1,650 unrealized loss** so quickly. I know LEAPS are long-term positions, but emotionally it’s harder than I expected. A few questions: Is an 11% drawdown normal this early in a LEAPS trade? Does this position still look healthy considering the high delta and long time to expiry? Would you simply hold and ignore the short-term fluctuations? At what point would you actually consider exiting a position like this? Is there anything I should be watching besides the stock price (IV, theta, etc.)? I’m investing, not trading this daily, but since this is my first LEAPS position I’d really appreciate advice from people who have actually held deep ITM LEAPS through market pullbacks. Thanks in advance!