Take AAPL Jan 21 430 Call for example. It's currently OTM but has 2.05 time premium with only 2 trading days to go. The time decay won't usually start to accelerate until around 3pm ET on Friday. Any idea?
They are not expensive. AAPL goes up 1% over the next two days and they will be worth $3.10, that's a gain of 50%. How often does AAPL move 1%? Also they are not the weekly options, they are the standard monthly options.