Closed this option out today as yet another loser. I didn't feel like this stock was going to be able to rebound anytime soon, and I would continue to lose time value.
These last few trades have been brutal. Back to the old paper trading for a while until I figure some things out.
Option Symbol: .QXOFA JUN 2006 $5 CALL
Underlying Stock: SIRI
Price: $1.40
P/L: (44%)
Just a flat out bad call on my part.