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bycfly

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Everything posted by bycfly

  1. I live in the west coast, so trading days start at 6:30am here. Is it not safe to place, say, buying a call the night before? I've tried that and the option expires so I do not place the trade and I am not sure why.
  2. Everyone say option writer have the edge because most options expire worthless. I dont understand why. It seems to me very likely if I buy a call, say, AMZN, a month from now at strike price of $1800 and it's currently $1750. There must be one day it gets above $1800 and I can just sell my options. Or is it people don't sell options on time even when it's in the money and are too greedy and end up expiring because its out of the money at expiration
  3. What happens whenI sell a put? I'm also being bullish too. I have to wait till expieration toprofit?
  4. 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?