The Way We Were: Options Plays For After The Big Rally

Not only the title of a hit 1973 movie and Oscar winning Best Original Score song but, especially during earnings season, may be how you feel about a stock you are regularly following and once held as having great bullish potential.  Perhaps this is one of many stocks that had a nice run recently and you have to decide what to do next. You think it may falter but you don't want to sell the stock outright because if you are wrong you will have unlimited risk.  What's a trader to do in this case...