If it pumps bigly: Pro's: my calls become extremely valuable ($100k+) Con's: i missed out on a lot more
If it dumps bigly: Pro's: hehe did you really think I went all in? Going in all over again at a lower premium Con's: my current stocks become worth less and options become nearly worthless
If it crabs: Pro's: my stocks stay at current prices and dont fall, premium falls on option so new options get bought Cons: current options become worthless