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I'm reasonably new to options trading and would appreciate some help. I picked up some Apr 10 $5 calls on Vaalco a while ago and recently rolled them out to the Jul 10 $5s. My cost average is 0.39 (39 cents) and they closed yesterday at $1.10 (which is great!) The 1 year price target seems to vary between $7.50 and $9 (the underlying stock is just under $6 at the moment).

Can anyone help me with suggestions of what to do? The things I've been thinking about are:
1) selling enough to cover the costs - effectively giving me a free trade with the remaining contracts
2) letting it ride (although it is making me nervous - I don't want to risk losing everything)
3) rolling up and out to some of the Oct $7.5s (perhaps half of the holding)
4) taking some profit now, rolling some out to the $7.50s and keeping some of the Jul $5s

Thanks in advance

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