@A man what I am finding is that one needs to buy Options that have less than 5% premium on them, so they aren’t quite at parity but they are close –  the reason is this – If you bought a Call on AAPL let’s say on June 27th – and you got an ATM Call of $142 and it expired 7/8, paying $3.50 for it – and you got three of them, well you are pretty much paying all premium here right, there is no intrinsic value to an ATM Option.  By Thursday – 3 days later, AAPL is at 134 and your option is now worth about .30 cents or less.    You most likely would have closed the trade and taken the loss,  but today that option would have been worth $4.50, in profit.  

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