thanks for your info...I would assume you would sell to close the options as soon as possible and not exercise it..like you mentioned...incyte popped over 2days...with such high short..I assume the highest price does not reach first day but maybe in 1 to 3 days...hmmm
Can somebody please explain options....if the call options hit a strike price..does that mean you made money minus any commissions. Let's say stock is 5 dollars...if it hits call of 15... What is more beneficial? Do you sell to close the option or do you exercise? If you exercise? I believe you must have the money in the account...what do options players do? Sell to close or exercise for better outcome??