Question about options via /r/wallstreetbets #stocks #wallstreetbets #investing

Question about options

Good day fellow apes and retards.

I’m thinking about buying 22 contracts of XPO at a $170 strike price, my limit price is $0.40 – if I see after purchasing these contracts that expire august 20th that I’m hugely in the green, can I close out my option early and collect profits? Or do I have to wait till august 20th?

I’m not interested in actually buying the shares. Any thoughts? Am I full retard? I’m basically yolo’ing $880 thinking with the XPO/GXO spin-off that the combined price will put the options hugely in the money. I can afford to lose $880….

Submitted July 18, 2021 at 11:08PM by Interesting_Sink_513
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