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Paul,
Thank you for the insight. I was definitely not thinking about exercising prior to expiration. But you are right, I will see where I end up at the end.

Q: the Option will still decline with time decay even if it is already so far in the money (assuming it stays at its current price or increases)?

Like you said, I know I have little beginners luck going on, and thats why I am trying to make informed decisions. Thanks again for the advice

Gabe
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