with some of these calls that are so obviously ITM, for call debit spreads, what’s the benefit of holding them past their valuable strike point if there’s a capped limit? like these MU 11/20 900/930, these are already green asf, why are you even holding them still?
The fact that most major moves happen overnight allows for huge opportunities for gap ups and downs, if that volatility went away I don’t think that would be a net positive, some of my biggest gains are when I take speculative bets on a reversal that happens overnight and my super cheap lotto tickets end up massively itm the next day
Nothing more than delayed control buying from MM. they want to make sure options expire in there favor. I lost a grip yesterday in calls that would be ITM now. But that’s my thought