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MissingFucks t1_j2argp2 wrote

Value at time of expiration or at time of being bought? Whhy would anyone not execute options that have value at expiration?

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SuperBottit t1_j2b3oo8 wrote

It's the same theoretically. The money just shifts from losers' pockets into the winners'

Many options can be closed out on both sides of the ledger so there's never actually anything to exercise. Contracts that are open and in the money almost always get exercised.

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