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Market hours can be a little confusing during the holidays, especially for non-US members, and specifically for the antipodean variety. Be aware of the following dates (times are all Eastern Standard Time). (Note that the upcoming expiration Friday is a shortened trading day.) Nov 26 (Thursday) Thanksgiving Day Markets CLOSED Nov 27 (Friday) Day After Thanksgiving Markets close early at 1:00pm EST Dec 24 (Thursday) Christmas Eve Markets close early at 1:00pm EST Dec 25 (Friday) Christmas Markets CLOSED For reference (note the fine print): https://www.nyse.com/markets/hours-calendars

Selling a call for two cents isn't going to reset anything, you might wind up with a penny credit after paying commission to sell the put Buying a put will only see its value increase if the stock price falls more. So, buying a put is something to protect against further downside, not to lessen a long position that is already at a loss. Due to your long position being in the penny stock category, I don't think you are going to find anything you can do with options to substantially reduce your loss.