We feature a variety of courses on trading stocks. From beginner topics to more advanced topics, our courses and video lessons on trading stocks will teach you all the important concepts on trading stocks. New Hampshire votes for socialist Sanders, changes state motto to "Live FOR Free or Die" Good afternoon. I recently purchased out of the money purchased put options with an expiration in 30 days. Say the value of the stock is not trading below the strike price (but it's close) within a few days of expiration. Assume the bid-ask premium is higher than when I purchased. Can I close the position without exercising and profit from the spread between initial premium and current premium? If so, would I be liable as a written put if the stock falls below the strike price? Improve Your Trading Skills - Don't miss our new posts!