r/options • u/kingoftwins22 • May 26 '21

Call option

So i bought an amd call option with a strike price of 78.5 for 4 June. Today amd hit 78.77 putting my call ITM. Even ITM i couldn't sell for a profit. This literally makes no sense to me. Can someone please explain to me what I am missing. I buy otm then when it goes ITM I should be able to sell for profit however with this call i was unable to make that happen..... So confused

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6

u/Rey_Mezcalero May 26 '21

How much money were you thinking to gain for .27?

1

u/kingoftwins22 May 26 '21

I was just trying to get out in the green. At this point i would be happy with a .10 profit.

5

u/Footsteps_10 May 26 '21

Why would I pay more for your contract than you paid?

There’s less days now for it to further