What's to think? You paid through the nose for over priced high IV calls and made a 10:1 killing when the good news hit. Now you've done it again, hoping that lightning will strike twice. It's the same story. If it does, you're golden. If it doesn't, you take a hit.
I believe if still bullish (or hopeful) that it's a good idea to roll some up to a higher strike if it pops and take some money off the table. If the premiums don't spook you, you can also hedge by buying some puts - I hesitate to say cheap puts since its IV is through the roof. The result of that will be a big bang to the upside, more moderate loss of option premium to the downside and a whacking if it goes nowhere and IV collapses. You just have to weigh the possible outcomes and pick the one that fits.
FWIW, the first time I ever bot calls was 25 or so years ago. Bot some on Commodore which was running up due to its computer release and pyramided them as I rolled up a strike (take sale proceeds and buy more cheaper calls at the next higher strike). Did that a few times and had a large position for me for that point in time. I didn't know squat about money management and as you know, what goes up, also comes down, sometimes pretty fast. I think that of the several thousand of paper profit, maybe I managed a few hundred net gain. The point? Don't be greedy. Aim for profits but don't give up much of them or incur a big loss. "Protect your cities!"
I believe if still bullish (or hopeful) that it's a good idea to roll some up to a higher strike if it pops and take some money off the table. If the premiums don't spook you, you can also hedge by buying some puts - I hesitate to say cheap puts since its IV is through the roof. The result of that will be a big bang to the upside, more moderate loss of option premium to the downside and a whacking if it goes nowhere and IV collapses. You just have to weigh the possible outcomes and pick the one that fits.
FWIW, the first time I ever bot calls was 25 or so years ago. Bot some on Commodore which was running up due to its computer release and pyramided them as I rolled up a strike (take sale proceeds and buy more cheaper calls at the next higher strike). Did that a few times and had a large position for me for that point in time. I didn't know squat about money management and as you know, what goes up, also comes down, sometimes pretty fast. I think that of the several thousand of paper profit, maybe I managed a few hundred net gain. The point? Don't be greedy. Aim for profits but don't give up much of them or incur a big loss. "Protect your cities!"