1st. if I bought options at 5c and the excercise price is 20c from my understanding I would be in the money at 25c.. Right?
2nd. if the share price was at 23 c I'm not in the money but am I able to still exercise them? The way I see it is if like the stock although I may be down I could still get ThE same amount for cheaper then not exercising them and losing my 5c option price and rebuking at 23c. Meaning I'm paying 18c per share not including the 5c I paid already. Sorry I know it's confusing... Can someone help?
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