Thinking about the same thing recently at these share prices. (Might as well make lemonade out of stock price lemons.)

Not a tax professional but did a conversion last year (of CYDY) and reminding myself of a couple things to keep in mind:

- Contributions (e.g. from a brokerage or bank account) to a Roth work differently than a conversion (e.g. from a traditional IRA to a Roth).
- There are $$ limits on contributions.
- Conversions subject to taxes (and take a few days/weeks).
- 5 year rule (starting at the beginning of that tax year) for each conversion. Consider just starting a new Roth if converting versus putting into an older Roth.
-If converting, works much smoother to move to a Roth when both the current and new account are held with the same trustee. If I remember correctly- they just moved the stock over. If converting the entire amount of an IRA account- they should be able to just redesignate the traditional IRA as a Roth IRA.
-For another path- if under 65 and on a high deductible health insurance plan- a Health Savings Account (HSA) rocks- as much as, if not more than, a Roth and some trustees allow investing in OTC- like CYDY. DM message me and I will send the IRS cite URL.

IRS info on Roth and conversions