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Buying the NOV 40 calls is purely time premium at this point in the cycle and you've got no intrinsic value in those options. Even if MSFT were to move much higher but remain below 40, you're not going to see that option move. Remember, the last 20 days your time decay is impacting the option price the most dramatically. |
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I did unload these today for 100%. However, with commission and fees I didn't net much cash. Bought at .04 sold at .08.
I might try TradeKing for their low rates.