He's not wrong Matt certainly was wrong when he said: you can only lose money. I pointed out that Cooperman could have made a potential additional $0.07 if the

He's not wrong Matt certainly was wrong when he said: you can only lose money. I pointed out that Cooperman could have made a potential additional $0.07 if the options expired, and you're agreeing with that. I agree with you that it usually makes sense to close out or roll an asymmetric position. BUT, and this is an important BUT, holding a position to expiration is far from rare. Here are some statistics (but I can't vouch for their accuracy)[1]: 10% of options are exercised 55% to 60% of options positions are closed out (bought back) 30% to 35% expire worthless Option expiration shouldn't be glossed over. That final case occurs one-third of the time. [1] https://www.stockoptionschannel.com/slideshows/seven-myths/most-options-expire-worthless/ https://www.stockoptionschannel.com/slideshows/seven-myths/m...