$Pfizer ok this is a example. Picture on the left is one of my positions with phizer. And picture on the right is the current price and break even number for that contract. Both have the same month and same call. My current calls have the advantage over newer calls because my break even is already met despite the stock going down. However the newer contract,even for the same call and month, puts you at a disadvantage because this newer contract requires you to go above the current Stock price it is now just to pass break even when you still have the same call and month. So in short is you go below that new strike price you wont make money until you pass it and move forward . so its better to hold your position because you have the best hand . you can look at any contracts you have and conpare them to the newer contracts and you will see the difference. Even the ones you dont . the prices are already fixed in these newer contracts and they are making it harder for you to make more money Because of it. I hope i helped in any way and im looking out for anyone listening and giving you best options and more bang for your buck. If one eats we all Eat. Lets get the bread together!