Options Question

TheLord

Newbie
9 0
Say I buy an OTM option at .50 and a few days later it increases to .65 but is still out of the money. Can I sell the option to close the position and take the $15 profit minus commission or do I have to wait until the the option is in the money?
 

OptionParty

Junior member
18 1
Say I buy an OTM option at .50 and a few days later it increases to .65 but is still out of the money. Can I sell the option to close the position and take the $15 profit minus commission or do I have to wait until the the option is in the money?

When the market is open, you can sell when you have a buyer, or buy when you have a seller.
 
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