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After 8 successful BCS that have closed early, I now have a pretty clear loser in Dermtech:

DMTK Dec 17 '21 40/45 Call (38 days to expiration)

I bought this spread back on 6/1 for a $1.70 debit (34%) with DMTK trading at $38.50. With yesterday's blah earnings report, the underlying has too far to go to get into the money. After being down at the open, DMTK has traded up a bit to $27.80. Per pricing as I write this, the mid-point to close offers a $0.25 credit. Should I take whatever I can get now or put in a GTC at the ask ($0.40) or wait for it to get closer to expiration?

I don't see any catalysts coming in the near term. However, it's a volatile stock, so it could easily move 10% in either direction prior to expiration. My limited experience says a GTC order at the ask, but I wanted to ask the community before moving forward. I know we are talking nickels here, but nickels matter when managing a portfolio of vertical spreads.


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