They might have long calls and they might be 'selling to close'. Open interest will go down if those with long calls sell those to close the position

>Why would they” buy to close” an OTM covered call if they don’t think it’ll go ITM?

Because they are in profit and they would rather take the money than risk losing it because the market may keep going sideways or tank.

Is green

Following OP until he turns bullish and FOMOs into calls

>These stocks already got destroyed.

Are you joking?

Most of them are still way higher than pre-covid levels.

Is LOW (https://finance.yahoo.com/quote/LOW)

Is LOW

I think is Lowe's Companies, Inc. (LOW)

The ticker name (LOW) suggests that is going low.

>This includes almost 800 screens in China, where they haven’t released a Hollywood blockbuster since 2019!

Sure, Of course that Chinese people in lock-downs because of their never ending Covid will rally to see a film on the theaters. Good bet.

>you need to transact on liquid options to make money. Period.
>
>if you try to buy an option for $100, but can only get a fill for $105 and then try to sell it 1 minute later for the $105 you paid, but can only get a fill for $95 then... you lost $10 in 1 minute getting in and out. That is 10%
>
>What most people don't realize is that this bid ask spread robs them of a large portion of their profits and it amplifies their losses.

It seems to me you are looking to day-trade or swing-trade options.

I don't usually do that, I hold options for at least a week usually, so the bid-ask spreads don't really matter much to me.

When I want to day trade options I just trade the $SPX options that are by far the most efficient and liquid options you will be able to find. On top of that they are cash-settled so you can do all kind of spreads without worrying about pin risk or assignment. Check those.

If you want to do a detailed post then that is awesome, but otherwise just a comment with a summary on how you turn this info into a profit may be enough for me to understand the gist of it.

>Hi WSB, this table shows which options are most liquid and have the tightest spreads. I then calculate an "efficiency" value based on those spreads, the option pricing, and essentially how much of your profits will be lost to friction/slippage/commissions when trading that particular option.

What can you do with 'efficient' options? How you take advantage of this information to earn money?

Is in your pants

Is just a white bear

Is not a dlphin, it is yur mther