Option hit the strike price but I'm still negative

[Triplethought]

Hey today an option I have (MKC $95 12-17) the underlying stock is over the strike price but I'm still negative on the option. It expires today. Is there anything I can do other than sell at a loss or let it expire at a loss?

[AstuteShift]

Yea sell at a loss

Theta decay goes into hyperdrive when the option gets closer to expiration so hence the loss.

[Bob L]

Your breakeven is the strike price plus the cost of the option. If you paid,for instance, 1.50 for the 95 strike option you'd need the stock to get past 96.50 today to see a gain. If more time were available it would be less than the breakeven price because time is money.

[Triplethought]

thanks guys

[SOL]

Hey today an option I have (MKC $95 12-17) the underlying stock is over the strike price but I'm still negative on the option. It expires today. Is there anything I can do other than sell at a loss or let it expire at a loss?

Sell at a loss if the loss is more than the commission and redeploy when the time is right. With options the battle is fast and furious, You are down today and then suddenly you are up.