options

Serious Question for the "Real Players"

Ok, Im in a couple of minds with the options and seeking comments.

1. After the options are all done I guess there "may" be a sell off as people decide to just hold the cheaper options. Thus the share price "may" go down. So would it be wise to watch for that possible sell off and just hold mainly options and get back in at a lower price? (Alot of watching to be done with this one)

2. Do you sell right down just before the options date and wait for the sell down (hope it happens) and buy back in and not take the risk on the options etc. (Sounds like a risky play)

3. Buy the options - hold the shares - not log into etrade for a couple of weeks and beleive all will be well.
(Sounds like bliss and you'd never know it dropped for a while!)

Just wondering what people are thinking with this upcoming event!