deep out of the money An option that is so far out of the money that the chances of it going in the money prior to expiration are small. deep-discount bond A bond that sells at a significant discount (usually 20% or more) from face...
with a strike price higher than the current price of the underlying shares.) You should almost never sell the current expiration month because options prices decline as they get closer to expiration and you shouldn't go too far out of the money ...
See also: Market, Income, Action, Around, Holder
 
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