I guess it really is all about timing. I paid 64 for a 12900 Dow Feb Call the other day, only to see the markets puke. I'd paid $6,400 in premium, and was a little concerned I'd gone too large. Following a pretty big rally today, my options is back up to where I bought it, so I'm cutting the position in half for flat, selling $50/point at 64.
I'll consider this a get-out, even if I do lose my premium here. Just this morning, the bid side of my option was 4....maybe more patience is needed for entering and exiting positions...