Any suggested rules for purchasing and executing discounted calls?

[poorboy]

Any suggested rules for purchasing and executing discounted calls?

 

[CyJackX]

If anything is discounted, I suggest you buy it.

Unless you're dividend capturing or otherwise dealing with liquidity issues in the underlying, I suggest you don't exercise them, because you'll lose the time premium.

 

[Robert Morse]

Any suggested rules for purchasing and executing discounted calls?

What do you mean by "discounted calls."

 

[sle]

What do you mean by "discounted calls."

You know, the ones past their expiration date? Can be bought real cheap sometimes!