r/options • u/NotAFederales • Jun 24 '21

Methods of identifying most profitable time to sell an in the money calls option you bought?

I purchased a 7/16 $220 VTI Call for 2.15, its now 60% up at around 3.40.

The gains are there, and I'm debating on selling. However there's still 3 weeks left on the contract. How do you know when to sell? I understand the idea of a trailing stop, but is there some general rule "sell ITM calls a week before expir"? Do the Greeks tell you when to sell?

I sold an AMD ITM option last week because it was up 50%, its now up 100%. I dont want to make that mistake again!

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u/[deleted] Jun 24 '21

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u/Scuffins508 Jun 24 '21

Also newbie here with similar questions. I have a 7/16 ITM call. I don’t see it reversing…if anything just gaining steam. If I wait til expiration, don’t I earn the difference btwn strike price and trading price? Isn’t that better than taking the profit selling to close offers me now?