Why OTM call won't go worthless on expiration Friday near close? I tried to scalp time premium on AAPL Oct 12 630 Call (sell to open for $0.35 at 15:33 ET) and expected it to go near worthless at close. The stock traded under 630 but the option was still trading near my entry point at close. So I lost money on the trade after factoring in commission when I closed it out at market at 15:59:XX ET. I expected it to trade at $0.05 or $0.1 at most at close but the bid/ask just won't go my way.