I know you're asking brew but my strategy is if there's a big move and I've got a lot of time left I'll sell enough to get my capital back and let the rest ride. More often than not i ride them until expiration or close them day of or before. Spreads fit my personality because I seem to always either take profits too early or let options expire worthless so this way they're harder to close out and if i let them go to 0 at least I'm losing less.