
Basics · Aug 12, 2026
Does an Option Have to Hit the Strike Price to Make Money?
Matt Marino · 9 min readRead →
Free trading journal: P&L tracking, options chains, payoff diagrams, and AI insights. Synced to your broker in one click.
Long-form posts on strategy, risk, mindset, and the markets we keep returning to. Written by traders, for traders.
An option can be in the money and still lose money: intrinsic value is often smaller than the premium paid. Here is the math on four ways it happens.











