Hi all,
Ive been trying to get into the options games for a while now but scared to start, earlier this week I decided to test the waters with a call option for GME at $150 by Friday. I bought at the bottom yesterday around $128. Today the GME stock went up slightly to $130, but the call price went down even though stock went up slightly? What does this mean? My hypothesis is that because the due date is getting closer, even though stock went up slightly, it doesnt matter unless it goes past $150 cuz thats how I make $$ on a call right? I fully expect to lose this $$ was just suppose to be an experiment to introduce me to options. Feedback appreciated.
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