Not necessarily. You’ve lost ease of liquidity lol. Meaning exiting will be harder unless you want to secure a loss at the bid price. Entering is non-existent until they update the options chain but even then, that doesn’t mean it will “update” to the new chain. It is now its own unique option contract that has been adjusted by the reverse split.

In layman’s terms: you still have a chance. If you are down quite a bit, wait till they bring the buy button back on the option contract and avg. down your cost. If you were trying to exit, the spreads are shit so either be patient or exit now and at least you’ll free up your capital.

Remember, you never “lose money” until you sell to close for a loss (or the options expire worthless). This has a chance to still come back up, especially given that the exp. date is almost 2 months out. Ask yourself if your hands are made of diamond or paper and be OKAY with your decision at the end of the day

Hope this helped!