Ok, thanks for that info. So it looks like one could sell short 10 calls of say RIMM @ .50 cents on a Thursday and as long as the Stock RIMM, falls in value, one could buy to cover the calls the following Friday afternoon of expiration probably for a few cents. All the difference from the sell @ .50 cents to the buy to cover price of a few pennies would be profit. Is this a strategy which could work considering most out of the money options go to zero by expiration day?
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