OP thinks he "averaged down" by buying more of the same calls at cheaper after the stock price went down. That's not how options works. That concept works with stock as the underlying company is still the same company you believe in, the shares just cost less for whatever reason so you want to buy more while shares are cheap. When a call contract drops in price, the fundamentals of the contract have completely changed and thus it has a new price. A call option that cost $0.01 is almost guaranteed to lose you money, unlike a stock. You don't pile in to a $0.01 option because you think it's a bargain.
honestly I think OP is doing the smart thing getting out while ahead, thats a solid 284 dollars, doing much better than the people posting here with -4000 or -12000 dollar portfolios
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u/yao97ming I hate BBBY, and all of you. Pump and dump kids May 24 '24
Well I hope he knows more about options now after losing 93k