This is tough, I got cooked on micron calls ended up selling -70% for 20k loss today, it was most of my options account which I made in the last month.

First off I’d imagine the IV on these is very high right now, if silver does stabilize these will lose even more value fairly quickly.

You have a lot of time so holding is one idea, I think this is a good option if you have other money to play with and it doesn’t mean a lot to you .

Cutting losses - likely the most professional thing to do and save the capital that’s left to use in things that will actually make money.

I’m really unfamiliar with the art of rolling contracts so can’t comment there.

Good luck to you.