You just don't understand options. Options traders don't hold options for expiration, we participate in their appreciation and sell them for a profit or sometimes a loss but we never let them expire worthless.
Monday or Tue you could of bought $460 calls (I did) for $2; 100 contracts or 10k stock. Every dollar it goes up by Friday is 10k. You do the math! You either make a lot or it does expire worthless 85% of the time. By the way everyone talks about correction coming and going short. I think we pop through highs and break out into April before correction! Apple to $600 by end of March.
I usually play options with an expiration of at least 2 or three weeks out. I have sold some weekly calls. It is a great way to make a quick buck while risking little, but you need to have a good feel for the direction that the stock is going. In a volatile stock it is easy to get upside down in a hurry, but it is also easy to make a nice profit.
Mash high profits made by selling Covered Calls; if one wants to play options, they have to get into the heads of the beeg boys who sell Covered Calls, and alway profit!!!!! Funds have more power then us lil guys; they make sure THEY win, no matter what!!!!!
Options are derivatives that kill market sense and logic. Hedge Fund computers maximize profits based on inside account information lists sold by brokerages and they carefully milk investors like the House in a Casino. Too many call options in speculation means we go down Hedge Funds always win.