A very tough question...
Here's some ideas:
1) What percentage of the option is left at 1/8 -1/4 from the original price you paid? IE, there's not much left on the downside to lose if you paid 1, or so. If you paid 3/8's, then it might be reasonable.
2) This is really a roll the dice scenerio. Say that you paid 1, you'd have to get to 16 to be even, and then add commissions. Hard to figure that's as reasonable thing to do, so I'd hold and let expire worthless.
3) Selling at 1/8 -1/4 generates a large commission on top of the sales that eats it up to almost nothing net to you. Why do that? Just take it all as a capital loss, which helps you in other areas (assuming you've got some good gains to offset it against).
4) It does take time to watch it today. If it pops just over 15, then it will have some value, but very little. Probably about the same as you see if have now. Therefore, if you want the stock, you would have to exercise to obtain the minimal call worth. Probably not a good idea for 1/8 or 1/4, neutral at 3/8, possibly OK north of 1/2.
Hope these ideas help. I personally would watch it for most of the day, but if nothing changes dramatically, I think that I would let them expire worthless at this point.
Regards,
Steve |
