*** ALL THINGS MONEY >>>> ATM ***

[Windfall Magic]

so if the strike price is $30.00 and I secured 10,000 shares or 10 contracts When the Share price was 29.10 then if the strike price is achieved three days after I take my position. then I only get the delta between the secured premium (.60) and the new premium (.87). I don't get the secure the delta from the acquired price and the strike price?

Can I exercise my strike price (if achieved) prior to the close date? So in my example the strike hits three day after I take my position. can I exercise early and then turn and sell back and take the delta of the secured price plus premium and strike price?

Sorry if I sound ignorant, but I alway play cash...just looking to leverage my cf better.