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Could I sell and keep the $10 profit on options that I bought, or should I wait closer to the expiration date?

I bought an option for $15. for 100 shares. The other day it was up to $25. Could I sell and keep that $10 or should I wait closer to the expiration date?

Investing, Starting Out
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September 2018

Options are liquid investments just like a stock so you can sell it at any point in time.  Commissions on options trades can be fairly high so this should always be factored into your decisions.  Additionally, if you bought the option to hold the stock for the long term, then excercing at expiration will be your best bet.  If you are simply trading options and do not plan on holding the stock, it is never a bad idea to take a profit.  

One more piece of advice is that options prices can move rather dramatically so make sure you are careful and pay attention.  

 

September 2018
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September 2018