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What Is the Term for the Loss of the Entire Premium?

The term for the loss of the entire premium is when an option "expires worthless." This occurs when the option is Out-The-Money (OTM) at expiration, and the buyer's maximum loss is realized, which is the full premium paid.

What Is the Maximum Profit for the Seller of a Call Option?
What Is the Maximum Loss for an Option Buyer?
What Is the Tax Treatment of an Option That Expires Worthless?
Is It Possible for a Short-Term OTM Option to Have a Higher Absolute Theta than a Long-Term ITM Option?