Bought some real, nice, cheap, calls today. I don't see the market staying down forever. But, when it is down, I always buy my calls in the red. Calls go up and down SO MUCH, that you would have to be a darn fool to buy them on an up day (vice a versa with puts). Whatever the case, I wish everyone a merry, merry Christmas. Ho ho ho. . .
Have you sold those calls yet? If not, you may want to. The premiums are fairly lucrative which works against you when you buy them. They erode like mad. So unless you're in and out, I'd rather let time work on my side and sell them.
I sold March $33 calls about a week+ ago and got $3.25 when the stock was around $31. Now the stock is down 70 cents but the option is down 85 cents so I'm actually ahead of the game.