What is the better option call to scale out of? An OTM call that is now ITM or an OTM call still far away from being itm? Both have at least 1 month to expiration.
Forgive my ignorance but wouldn't it vary on so many other things? Say you forgot about theta cause your scaling out (even though your still holding onto contracts) there are still so many variables .Are you simply asking is it better to scale out of a winning position once its ITM versus scaling out of a winning position while it still OTM? Might want to provide more detail and specificity for other to help.
from an option selling perspective, i have a rule if you collect more than half the premium in less than half the time to expiration better close the trade.