First Option Trade

[OptionsOptionsOptions]

What would my trade be valued at today, if I had held on?

• Current bid $8.40
• 20 contracts x $8.40 x 100 = $16,800

 

[Crude Man]

• Current bid $8.40
• 20 contracts x $8.40 x 100 = $16,800

Bwahahaha! that is with time decay?

I'm not sure to laugh or cry. I think I'd rather just laugh.

 

[OptionsOptionsOptions]

Bwahahaha! that is with time decay?

• Time decay is irrelevant due to the volatility of options.
• Even more irrelevant once the options become ITM.

 

[Crude Man]

• Time decay is irrelevant due to the volatility of options.
• Even more irrelevant once the options become ITM.

thanks for this.

i'll remember this next time.

 

[tommcginnis]

• Time decay is irrelevant due to the volatility of options.
• Even more irrelevant once the options become ITM.

Time decay is irrelevant for an ITM??

No one told the option market.

 

[OptionsOptionsOptions]

Time decay is irrelevant for an ITM??

No one told the option market.

• Absolutely time decay is irrelevant.
• Why would anyone be concerned with time decay on this sort of trade?

On another note this was a good call by the OP, especially for a first option trade.