@D Stanley spelled out the possibilities for your trade. Unless lightning strikes, this position is a goner.
A useful adjustment to be aware of for a losing position is the Long Call Repair Strategy. In short, you convert the long call to a vertical, lowering the break even point. IMO, it should be done if you can do this for no additional cost.
The adjustment won't help you now and it wouldn't have helped you with this position even if you took it weeks ago when the options still had some time premium remaining, but it would have improved your chances of salvaging this position.
This type of Repair can be used for stocks that are underwater. In fact, it can also be for a new position to enhance return.
For example, if you:
- Buy 100 shares of BABA today at $193.80
- Buy one Jan 10th $192.50 call for $8.30
- Sell two Jan 10th $200 calls for $4.55 each
You'd receive an option credit of 80 cents (lowering your cost basis slightly)
You would net $208.30 for a $14.50 gain (7.48%) as long as BABA was above $200.00 on 1/10.
That's a $14.50 gain if there's only a $6.20 gain in BABA.
Note that the repaired position is a combination of a covered call and a vertical spread. There are no naked positions involved.