Options Are For Strong Conviction Trades

I got some advice recently that I liked: options are for strong conviction trades. "I think this might work" is for shares trades, not options.

"This is working as expected" is when you keep an options trade open.

"This still has a chance it might work as expected" is when you close an options trade. Maybe reopen a smaller position with shares if you absolutely have to gamble.

Pretty much, I'm thinking, whenever you think "It still might..." it's time to close the options trade. The thesis is broken.