MSTR $400 Leaps beaten up by IV contraction

I learned a valuable lesson regarding implied volatility contraction. Bought two MSTR Leaps, both for $400 SP, one with a ED of Jan 2026 and the other is Jan 2027. Both should be very much ITM over the long term, so I am not worried. However, I bought them on 11/22 at a very high IV and paid a premium for that. Paid $21K and $25K for them, respectively and could buy the same ones for $17K and $21K today. Lesson learned… pay attention to IV, even when buying Leaps.