Hi y’all. As the title says, I need help with my option. I’m new to options and still learning. A while back, I purchased a $38 URA call option, cost per share $2.93, expiring 10/17/25. I’m currently up 70%. I’m trying to decide when to sell. From what I understand, if I hold the options until it expires I’d lose out on the premium I paid for it (please correct me if I’m wrong!!!!). Thus, I’d like to sell prior to expiration. However, I’m not sure if it’s better to sell now or closer to expiration. Again, I’m super new to this and still learning. Any advice would be greatly appreciated. Thank you.
Posted by Mindless-Glass8704
2 Comments
What you mean you’ll lose your premium? If it’s in the money by expiration you end up with a profit
What was you price target when you enter the trade? Is it 70%, 100% or more? That should guide your action. Right now it’s still over 30 days away from expiry and ~$1 in extrinsic value left, if it was me and I’m still positive on URA then I would hold ’til 21 days before expiration and then decide to sell.