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REDDIT

Should I actually buy stocks as I buy options?

R
Apr 1, 2025 · 16:24

For example, if I buy long call option (strike price $240) on AAPL (now $230). When the date is close to the expiration day, the AAPL price is $260. Should I actually spend $24000 ($240 ×100) to exercise the call right? Is there any way to walk around to get my earnings? Because I'm not sure I could take $24000 cash from my bank.

Thanks in advance!