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Option trading challenges explained
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i got option trade alert $CHWY 41.5 Call 7/3 at 0.14 and then $CHWY up 28% at 0.18 🔥 so its ODTE type trade can i close after seen 50% profit even expire date seems 7/3? if i close early that call option what are my expenses or fees? Great question! Let's break this down clearly: ### **Key Details of Your Trade:** - **Option:** $CHWY 41.5 Call - **Expiration:** July 3 (ODTE - Same-Day Expiry) - **Entry Price:** $0.14 - **Current Price:** $0.18 (~28% profit) - **Your Goal:** Close early for 50% profit (~$0.21) ### **Can You Close Early Before Expiration?** ✅ **Yes!** You can sell-to-close the option anytime before market close on July 3 (expiration day). ### **Profit & Fees Considerations:** 1. **50% Profit Target:** - To achieve 50% profit, you'd need the option to reach **$0.21** (since $0.14 × 1.5 = $0.21). - Currently at $0.18 (~28%...