I own some call options that expire in 9 days. The underlying price is pretty close to the strike, so the value of these options has been extremely volatile.
I have no idea where prices will/should go in the next 9 days. Effectively this trade is a pure gamble, and I may as well flip a coin to determine my sell/hold decisions over the next week.
I have nothing against gambling, but I think it is always important to explicitly state (to myself) when I am gambling vs betting with a (perceived) positive expected value.
Noah's (Life) Ark 