Otherwise, it will lose the meaning of buying options! !

The price of options will change with the change of stock price. When the stock price rose from 97.03 to 10 1, it rose by nearly 4 yuan; Options may rise by 2 yuan (the price change of parity options is about 50% of the stock change, and if you buy out-of-price options, the range should be within 50%, which is similar to the parity options here). The stock price rose by 4%, and the option price rose by 98%! ! !

In other words, when you sell the option, the profit is (4.04-2.04)* 100=200 dollars.

If you exercise your rights, you need to withdraw 98* 100=9800 USD from your account to buy stocks; If you sell it at 10 1 immediately, your profit will be (101-(98+2.04)) *100 = 96 dollars.

As you can see, the profit is twice as bad, and more importantly, it takes up funds! If you exercise your rights, you lose the meaning of leverage, just like buying stocks.