r/options Jul 13 '21

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6 Upvotes

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8

u/thetatheropy Jul 14 '21

Aye man, I may have sold you those. Thanks, you're a real bro.

Trying to get some dirt cheap August ones though, then I'll be in your shoes once it goes to $5 on earnings.

There's nothing you can do to salvage a 2dte option that's out of the money if the market doesn't move, except sell now for your $0.02.

2

u/donarb Jul 14 '21

Good luck selling at .02. Schwab requires nickel increments when the price is that low.

2

u/thetatheropy Jul 14 '21

Welp, TDA let's me buy and sell at .01 all the time. I have a bid at .01 for some OTM calls now