I am still keeping the Dec. $10 calls in my portfolio (small size) as a speculative play. I will not average cost at all. This trade has become more of a small lottery ticket/ Contrarian trade.
JCP needs a reallllllllllllly strong catalyst to turn around from here. I am not trading its shares at all. Just option plays.
Also, too many bearish calls coming from C and GS at the lows, so i feel a bounce instead of further breakdown is warranted