Hi, looking for some advice. I bought a call with a $800 strike price for june 16, 2017 expiration. Initially i was in the money but now due to time decay i am down. What are my options other than to sell it and take a bit of a loss, and the dreaded let it expire worthless. If I am correct, I can exercise the option and buy the stock for $800, then turn around and sell it for market value (currently $856), but when I do that I lose the premium I paid for the option. If I did that I would still be losing money. What other alternatives are there? Thanks.