Very disappointed with this trade and my risk management.

Hoping some more experienced traders could shed some light on this. Trade was on ROP, bought some $560 calls expiring sep 20th. I bought it because
– was in a squeeze on the daily (TTM indicator)
– EMAs were stacked positively
– showed strong resistance to recent market activity
– decently priced premiums with good delta (0.6 at time of purchase)
– was holding above 21 EMA, used this to time entry

Things I failed to recognize:
– daily volume is very low, meaning liquidity is not there and lack of buyers in general
– RSI was curling down indicating decline momentum
– Spread was terrible at time of purchase, should’ve understood this will make it a difficult exit
– TTM was a descending blue (strength dying out)

Was rolling off two previous squeeze plays that worked out (VRSK & TMO) so this one was a gut punch. Now the spread is absolute shite on ROP and a recovery seems gleam, but the bid price is so close to my PL being 0 that I have no choice but to hold, no more risk management to do.

Yesterday the bid was around 3.60 and I thought of taking the ~$200 loss to then roll into a put after noticing some of those signs, but I didn’t 😐.

Hoping some people with more experience with this strategy can share some tips and tricks to help avoid this again. Feel free to DM as well, any advice will be greatly appreciated!