Lets say on 21FEB2021 - SCRIPNAME is trading @ 2000.
I had purchased SCRIPNAME for 1800
Expiry is on 25FEB2021
In this scenario - why would it make sense to write an ITM option of 1900CE instead of writing 2100CE or 2200CE.
one argument is that ITM will have greater price - but will it not reduce to 0 since it is ITM.