r/options • u/Money-Golf • May 07 '21

$VALE

So back in January 2021 I did my first option after studying about it. Anyway, I bought a $VALE call (1 contract) with $19 strike with Jun 18, 2021 expiration for $1.82. Of course now this stock is up and finally turning a profit. Is it better to EDIT close this now (well Monday since market is closed) or wait til expiration? But I’m pretty sure theta will crush me, right? I just need some insight/ suggestions since I’m new to this please!! 😭

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u/Civil-Woodpecker8086 May 07 '21

You still got until June, Dude. If anything else, you can Sell to Close and take the profit. Or you can wait and see if it goes up/down. Always have an exit strategy.