CyberDutchie
Active Member
What's the best strategy going into the last week before expiration with OTM calls?
I'm still holding my Dec 21 160 calls which are worth .66 cents at the moment but have fluctuated quite a bit. They tend to move up a lot the moment TSLA makes a decent run, but move down just as quickly when the run ends.
Selling at current bid would give me 3 cents on the dollar.
From your experience, what can be expected just days before expiration if TSLA moves up closer to the strike price, but still not ITM (e.g. what will happen to the time premium if they've moved to $150 by next Wednesday)? How would an experienced options trader time it?
I'm still holding my Dec 21 160 calls which are worth .66 cents at the moment but have fluctuated quite a bit. They tend to move up a lot the moment TSLA makes a decent run, but move down just as quickly when the run ends.
Selling at current bid would give me 3 cents on the dollar.
From your experience, what can be expected just days before expiration if TSLA moves up closer to the strike price, but still not ITM (e.g. what will happen to the time premium if they've moved to $150 by next Wednesday)? How would an experienced options trader time it?