I'm new to options, I understand them well, just want to make sure I don't miss anything.
Situation:
Last month (28 Feb) I sold 1 put option Apple @ 150 that expires today (1 Apr), cashed in 204 USD of premium. Today Apple trades @ 173, and the premium to close this contract (buy 1 put) is 0.34.
Since yesterday my broker displays it as a 100% return, (due to rounding) – obviously it was an extra day till expiration, but Apple was higher.
Is there any reason why I should wait till expiration instead of closing it right now?
In both cases I will pay a tiny commission. If I wait till expiration I will “benefit” from an extra $0.34 of the premium. If I close now, I won't risk any flash crash and it will release my margin so I can sell more puts.
Am I missing anything here?
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