Options Trade Update

The options I bought with my scrap money expired worthless. I bought 2 contracts on Halcon resources @ the $6 strike price and the stock never went above $5. I made this trade based on heavy insider buying but that alone was not a good enough reason to risk my hard earned $29.50. Halcon company insiders bought shares alright but they weren't expecting the stock to go up right away. Perhaps the third quarter results for the company will provide some incentive for buyers to re-enter the stock but for now I will just monitor the company and stay on the sidelines.