hey all, I been thinking about loading up on the X (US steel) November 40 calls they are about .95 each My take is that US steel could get to 40 within the next 10 trading days and these could be worth about 4.00 each. Am I thinking this through correct? Do you guys ever play options that only have 10 days left till expiration. Lets say in 5 days we are still not above the 40 level, does that mean the price would suffer huge time decay? I think the answer to that question is yes. But what if either on the day of expiration or a day or two before, we trade at or above 40 (1 to 3 bucks above) will they be priced in the 1 to 3 range ? Thanks in Advance.