Apologies, I was thinking you were speaking generally. You have calls added to a fundamentally long position. I hear you. Adds some fizz, no doubt.
My post was not intended to attack, just to indicate that calls are not something I tend to trade in, no matter what the news is, given what really happens. I know the brokerages love to sell them, and "traders" love to talk them up. But traders are traders. They eat what they can kill. I try to avoid that mindset because the short-term nature of it creates pressures I'd rather avoid when making sound long-term investment decisions.
On the other hand, honestly, given how the market operates these days, it's almost a given that all of these companies are run down, unless they start really start high (ala Juno), with big players already invested. So I effectively am buying "calls" with my very, very cheap shares. I waited a long time to get in here, because I didn't like what the shorts were doing, and I was busy elsewhere to get into a company far from results. The market cap now, at $50 million or so, is low, and makes a real pop here very substantial potentially. So that's what makes the share ownership similar to a call. But at the end of the day, 30-50 million, maybe 25 million, the market cap is still in a range. Dilution becomes the issue, though right now, with 10 million in the bank, I'm feeling it's not a bad time to hold for now, given pending news.
I evaluate differently than others. I also think this is why the shorts are all over this board right now. They know getting this market cap down now is hard, and it's more likely to drift upwards, without news, as speculation builds.