If you're like me as soon as you sell them the stock will explode up. It usually happens within seconds for me.
This will probably lose you a lot of money, but some money is better than none. Calculate the probablities and do a cost analysis of whether you want to let it all ride or transfer it to longer term options ie you probably have taken profits already and this offsets the loss. Jeez you have had to made a ton of money already? A rollover may be a bite, but other longer term options strategically bought, will give you a multiple on your investment (the premiums on calls are sky high IMO so it may be best not to rollover everything at once, but who knows) Options go to zero in an accelerated fashion as expiration occurs. That's why I told someone to skip options because it's easy to lose everything and because he had a ton of shares already. I kind of regret not going through an explanation so that they could profit even more from one of the pure option play opps I've ever seen.
You are screwed dude. Games are being played right now. Buy Oct. calls while QCOR drifts sideways or downwards. I got out of most of my August and are left with a few Sept. and a decent stack of Oct. Now I am starting to eye the Jan. 14's. Also sold a few calls on my long position because of the premiums. And sold a few weekly puts.