bycfly 0 Report post Posted October 11, 2018 Hi all, I'm new to options trading. Say I bought 1 VXX long call that expires in December 2018 with a strike price of $32 and a premium of $2.45 so a breakeven of $34.45. VXX shares passed $34.45 today, at $36, so I'm in the money, and say it's bid price now is at $4.50 so im in the money for a $2.05/$2.50 % profit. So can I sell the options now for the profit even when the call has not expired yet (in December)? Or can long call profit taking only happen at expiration? Lets say what if VXX shares declined in December at the time of expiration back to $10. Do I lose the entire $245 at time of expiration even though now it's in the money? Share this post Link to post Share on other sites
Kim 7,513 Report post Posted October 11, 2018 You can sell your options anytime. Share this post Link to post Share on other sites
bycfly 0 Report post Posted October 12, 2018 What happens whenI sell a put? I'm also being bullish too. I have to wait till expieration toprofit? Share this post Link to post Share on other sites
Kim 7,513 Report post Posted October 12, 2018 You can buy it back anytime. Share this post Link to post Share on other sites
