If you want to play more options on this same company, consider the following:
Wait for dips—be patient. Study the charts and pick the most opportune strike price and expiration date.
Sell out, take your profits, and buy back in at a higher strike price. Once again, the assumption has to be that the stock will increase.
Opportunities keep knocking when you have no cash tied up.
Selling the option profitable opens up another possibility. If you sell part of your position, and if you think the stock has peaked (you still own a few call options) then buy a put with the profit. You now have created a straddle for FREE.
A pure straddle is one where you own calls and puts on the same stock, at the same strike price, and for the same month. Your straddle does not have to be pure. You can buy a call at one strike price, and buy a put at another strike price.
Either way, as the stock moves up you sell the call, as the stock moves down you sell the put. Something for nothing, I can’t add more. It’s a great way to enhance your cash flow and/or add to your portfolio.
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