I don't think you are understanding what I am asking here.
I don't understand how a person who knows how options work, would continue to hold on to an option if it looks like their speculation isn't going to come to fruition. Say we keep hemorrhaging in the market and AAL doesn't rebound like you had hoped. You can still sell the calls you bought(obviously less than the premium you paid) but you should never lose 100% of your investment when buying options.
I sold some Ford calls earlier today that I didn't think were going to make it to their strike price and lost 40% on them, but I didnt keep holding in hopes it would be able to make that price.